Possible Scenarios
Bullish (Optimistic):
If the price respects the ascending channel and rebounds from point 6, BTC could enter a new growth cycle, surpassing its all-time high.
Possible targets: 120,000 – 150,000 – 200,000 USDT.
Bearish (Pessimistic):
A loss of channel support (below 60,000 USDT) could lead to a significant correction, pulling the price back...
Prior to each major bull run, Bitcoin consolidated within triangle patterns, as seen in 2016–2017 and 2019–2020. These patterns signal periods of accumulation before explosive moves upward.
Currently, the chart shows another breakout from a consolidation zone in 2023–2024, resembling the pre-halving behavior of earlier cycles.
Historically, Bitcoin's price...
