Bitcoin price prediction: BTC may rebound to 117K says Joao Wedson

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17.10.2025

Bitcoin price prediction: BTC may rebound to 117K says Joao Wedson — @joao_wedson: Bitcoin may rebound to 117K

Joao Wedson, a crypto analyst, has suggested that the current wave of short positions against Bitcoin is based on the belief that the cryptocurrency's bull cycle is nearing its end.

Wedson argues that this scenario presents an opportunity for Bitcoin to experience a sharp upward reversal in the coming hours, potentially surging to around $117,000. He emphasizes, however, that this is not financial advice and encourages caution among investors monitoring the market's volatility.

The analyst refers to a chart by @Alphractal to support his projection and warns traders to stay vigilant, reflecting the unpredictable nature of crypto market trends. Wedson’s analysis highlights an intriguing aspect of market sentiment and potential directional change for Bitcoin.

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Wedson’s perspective on the potential for a bullish reversal fits within a broader context of shifting cryptocurrency sentiment, as demonstrated in earlier assessments of Bitcoin's critical liquidation levels at the pivotal $120K threshold. The analyst’s approach to counter-sentiment opportunities also resonates with his coverage of COAI's remarkable 100% surge, linking technical analysis with broader market optimism.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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