SoftBank and Intel Partner to Develop Next-Generation Memory Chips for AI Data Centers 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Sam Altman Reaffirms OpenAI’s Long-Term Commitment to NVIDIA Amid Chip Report 
Instagram Outage Disrupts Thousands of U.S. Users 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Bitcoin’s price could soon reach $123,000, predicts Henrik Zeberg, as technical indicators signal substantial upward momentum. With Bitcoin nearing critical Fibonacci and RSI thresholds, Zeberg suggests a powerful rally may follow, possibly achieving this ambitious target within three months.
Zeberg's Bold Bitcoin Price Prediction Reaches New Heights
Renowned trader Henrik Zeberg has pegged the main cryptocurrency's price at $123,000, forecasting a potential price explosion, U.Today reports.
Zeberg predicted that Bitcoin will attain an all-time high of about $74,000 in March and then rise past it after a long consolidation phase.
Due to extremely strong upward momentum, Bitcoin is anticipated to achieve the bullish target outlined earlier in less than three months following this breakthrough.
Fibonacci Extension Level Points to New Price Peak
According to Zeberg's chart, the bullish goal would be around the 1.618 Fibonacci extension level, which is approximately 114,916.
The chartist had earlier this month expressed confidence in Bitcoin's impending "a minimum 60% rally." The bullish cross-overs scored by the Moving Average Convergence Divergence (MACD) and the relative strength index (RSI), as well as the RSI's breakout of the downward trend, formed the basis of his bullish prediction.
After breaking through the crucial $73,000 mark for the first time in months on Tuesday, the price of the top cryptocurrency was on the verge of reaching a record high.
Bitcoin Struggles to Hold Gains Amid New Developments
Bitcoin just fell below $71,000, and the bulls have been unable to establish a footing above that level.
Even though BlackRock's IBIT just received record-breaking inflows, the largest cryptocurrency has fallen. U.Today revealed that the top Bitcoin ETF received $875 million in a single day.
Optimism Remains Despite Recent Price Pullbacks
Bitstamp is seeing trading for the leading cryptocurrency at $70,481 at the moment, following earlier this week's failure to set a new record high. On the other hand, a large portion of the Bitcoin community remains bullish on the prospect of a new all-time high for the cryptocurrency sometime soon.
