Bitcoin Eyes $150K as Analysts Highlight Bullish Patterns and Key Support Levels
Bitcoin remains in a consolidation phase above $100,000, showing no significant movements in the past 24 hours.
Key indicators, including its position above the 50-day and 200-day SMAs, suggest continued bullish momentum, supported by an “Extreme Greed” market sentiment score of 83.
The “3 Expansion Phases” pattern, highlighted by TradingShot, indicates Bitcoin could reach $150,000 by mid-2025.
This pattern, characterized by sharp price rises and brief consolidations, aligns with historical trends. The current phase is supported by the one-week RSI and strong support above the 50-week moving average, signaling further upward potential.
Institutions like Standard Chartered and VanEck forecast Bitcoin prices between $180,000 and $200,000 by 2025, driven by institutional inflows. In the short term, analysts point to an ascending triangle pattern on the eight-hour chart, with a potential breakout targeting $112,000.
On-chain analysis warns that when Bitcoin’s supply held at a loss drops below 4%, it may signal the bull market peak, urging investors to consider exiting positions. Bitcoin’s key level remains $100,000—dropping below could mean further losses, but staying above may pave the way to $105,000 and beyond.
Bitcoin Poised for Breakout as Historic Pattern Points to $150K Target
Bitcoin may be gearing up for a powerful move that could push its price into six figures, potentially soaring beyond $150,000—if a long-standing market pattern continues to unfold as expected. A technical setup observed by the analyst TradingShot suggests that Bitcoin is once again mirroring a signal that has historically preceded each of its major […]
Bitcoin’s Bullish Pattern Might Be a Trap, Warns Veteran Trader
A widely recognized bullish formation in Bitcoin’s price charts might not be as promising as it appears, warns veteran trader Peter Brandt. The cryptocurrency has developed an inverse head-and-shoulders pattern, typically seen as a sign of a potential upward reversal. However, the structure presents a complication—the neckline is sloping downward. Brandt, who has spent over […]
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A popular crypto analyst is forecasting a major rally for Bitcoin, predicting it could eventually soar to six figures, but cautions that investors should expect a possible dip before the surge. According to Inmortal, Bitcoin is likely to briefly dip to around $85,000 before making its climb toward $100,000. He emphasizes that the cryptocurrency’s trajectory […]
Bitcoin Poised for New Highs? Analyst Says $101K Is the Key
A well-known crypto analyst believes Bitcoin could reach record highs—if it clears a critical resistance level. DonAlt suggests that BTC needs to break past $101,000 to trigger a significant rally. According to him, this is the final barrier before Bitcoin can push into uncharted territory. “The setup looks solid. That’s why I’ve been saying to […]
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