Analyst Pins Bitcoin Profit-Taking Zone at $160K–$190K
Technical analyst Merlijn The Trader has updated his Bitcoin Market Maker Model, forecasting a final parabolic phase in the current cycle. According to his chart study, Bitcoin moves through accumulation, breakout, euphoria and exhaustion phases. The analyst pins the optimal profit-taking zone between $160,000 and $190,000 before the anticipated peak and subsequent correction. Merlijn previously projected Bitcoin to reach $145,000 via an inverse head-and-shoulders pattern on the 3-day chart, and even $250,000–$300,000 over the next year. Despite a recent dip below $113,000, market sentiment remains bullish. Traders are advised to secure gains in the highlighted green zone ahead of the expected euphoria-driven surge and abrupt collapse. This model mirrors the 2021 cycle, suggesting that professionals will exit near the final top while retail investors chase the rally.
Bullish
Merlijn The Trader’s analysis signals a strong bullish outlook for Bitcoin. By mapping a clear profit-taking zone at $160K–$190K and outlining classic cycle phases, the model reinforces expectations of a parabolic rally followed by a sharp correction. Similar patterns emerged in the 2021 bull run, when price surged beyond prior highs before retracing. In the short term, traders may see accelerated buying as Bitcoin approaches the green zone, driving volatility. Long-term holders gain a roadmap to secure gains and manage risk. Overall, the detailed phase-based forecast boosts trader confidence, encouraging entry before the euphoria peak and strategic exits, which aligns with bullish market behavior.