Bitcoin Price Prediction: How High Could BTC Go?

Bitcoin faces a critical test at $76,000 after bearish divergence raised the risk of a short-term correction across the crypto market. However, its monthly structure still supports major upside scenarios if $BTC resumes its recovery and avoids a deeper Fibonacci retracement.

Bitcoin Long-Term Chart Keeps Higher-Price Scenarios in Play

Bitcoin's monthly chart presents a much broader view than the near-term bearish setup, with More Crypto Online highlighting two scenarios that remain compatible with another price extension. $BTC is shown near $77,979, while the chart maps both potential upside Fibonacci levels and a deeper corrective zone below.

Bitcoin Long-Term Price Scenarios. Source: More Crypto Online (@Morecryptoonl) on X

The long-term structure shows Bitcoin recovering after a pullback from its previous peak, leaving the market at an important point in the larger Elliott Wave count. According to the analyst, a further advance from current levels would favor the orange and blue scenarios marked on the chart.

The first major upside reference sits near the 61.8% Fibonacci extension at roughly $162,346. Above that, the chart identifies additional levels around $230,544 at 78.6%, $360,388 at 100% and $589,837 at 123.6%. These are long-range technical projections rather than immediate price targets, and Bitcoin would need to establish a sustained higher trend before the upper levels become relevant.