The BTC price action has yet to reach a Bitcoin trader’s long-term target of up to $50,000, but the trader advises patience. The current Fibonacci retracement level could mark the top of the pre-halving rally. The $39,000 range is seen as a floor for the pre-halving BTC price target. Other traders also predict similar targets before the halving. After the halving, there are more bullish forecasts, including $130,000 or more by the end of 2025. In the short term, $30,900 is seen as a potential floor for Bitcoin’s next correction. Currently, BTC/USD trades at $36,500.
