The BTC price has yet to reach a Bitcoin trader’s long-term target of $50,000, but the trader advises patience. The current price is nearing a key Fibonacci retracement level, which could indicate the top of the pre-halving rally. The $39,000 mark is seen as a floor for the BTC price range before the April 2024 block subsidy halving event. Other traders also predict similar targets before the halving, with some forecasting prices of $130,000 or more by the end of 2025. In the immediate downside, $30,900 is seen as a potential floor for a correction. The current BTC price is around $36,500.
