Bitcoin’s Path to $160K: Crypto Guru Doubles Down on Bullish Prediction

Bitcoin isn't done shocking the world—and one expert says the king of crypto still has a date with destiny at $160,000.

The Roadmap to Riches (Or Ruin)

Forget Wall Street's cautious projections. This forecast comes straight from the trenches—where true believers see every dip as a discount and every skeptic as future collateral damage. The $160K target isn't just hopium; it's baked into Bitcoin's halving cycles, adoption curves, and the glorious chaos of supply shock math.

Why TradFi Still Doesn't Get It

While hedge funds debate 'store of value' theories, the real action happens when miners stop selling and ETFs hoard coins like digital Scrooge McDucks. The expert's bet? Institutional FOMO will hit critical mass right as liquidity gets tighter than a VC's pitch during a bear market.

One Cynical Footnote

Of course, this assumes regulators won't suddenly rediscover their 'concerns'—right around the time banks start losing deposits to cold wallets. Funny how that works.

Bitcoin Bull Flag Breakout Revives Long-Term Bullish Outlook

Rekt Capital’s latest analysis highlights that bitcoin not only reclaimed its Bull Flag pattern but has positioned itself above it. This is an essential shift because a few weeks ago, BTC failed to confirm its breakout when it couldn’t hold the Bull Flag top. That earlier miss left the pattern unresolved and kept the market uncertain about the next big move.

By holding the $119,000 level as new support, BTC can confirm the breakout and solidify the foundation for a rally. The analyst cautions that the price could still dip back into the pattern temporarily, but as long as $119,000 holds, the bullish structure remains in play.

Ending the recent downside deviation adds to the optimism. Several sharp deviations from bullish structures have marked this cycle, but reclaiming and holding above the Bull Flag shows renewed strength from buyers. For long-term bulls, this could be the technical reset needed to keep the $160,000 target alive.

Key Resistance Levels That Stand Between BTC And $160,000

Despite a recent -9% dip, Bitcoin remains in what Rekt Capital calls “Price Discovery Uptrend 2.” This phase, which follows historical price tendencies, has stayed intact because the dip never broke the uptrend’s structure or confirmed a breakdown. However, the MOVE into Week 6 of this uptrend is notable; historically, Weeks 5 and 6 have often been the “danger zone” for local tops.

While history points to a potential pause here, the unique nature of this cycle may allow for an extension. Still, the decisive factor is now price, not just time. The analyst points to resistance that first appeared around $124,000 in July but has since evolved into a dynamic barrier closer to $126,000.

Breaking this level in the next one to two weeks could trigger a sharp acceleration in the trend, putting the $160,000 roadmap back in focus. On the other hand, failure to clear $126,000 WOULD create both time and price confluence for a pullback, which Rekt Capital calls “Price Discovery Correction 2.”

Such a correction would not end the long-term bullish case but would delay the next leg up. Until then, all eyes are on these key levels: $119,000 for support and $126,000 for breakout. How Bitcoin handles them could decide whether the grand roadmap to $160,000 stays on track in the weeks ahead.