Bitcoin is poised to climb approximately 15% from its current price, reaching about $122,000 in February before entering a consolidation phase, according to Markus Thielen of 10x Research. After a successful retest of its wedge breakout, Bitcoin revived from a low of $98,937 to above $107,000 on January 21. Thielen characterized this price movement as a low-risk, high-reward entry opportunity and noted the potential for significant upside given Bitcoin's history of rising in $16,000 to $18,000 increments since the approval of spot Bitcoin ETFs. Analysts from Bitfinex share a similar outlook, highlighting Bitcoin's robust strength compared to the stock market. Thielen emphasized the importance of Bitcoin breaking past the $106,000 mark to maintain the established bullish pattern. Keith Alan from Material Indicators also predicts Bitcoin could reach $122,000, citing its return to key moving averages as a promising indicator.

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