Odaily News Even though the market is in a sideways consolidation, Bitcoin traders are not feeling pessimistic about the Bitcoin price movement. Currently, the community consensus is not bearish, and they believe the bull run is far from over. Many people think that Bitcoin is preparing for a new round of price discovery. Trader Alan Tardigrade stated that Bitcoin is exhibiting an ascending expanding wedge bullish trend, with Bitcoin rising 49%, 125%, and 68% respectively each time this signal appeared since 2023. Another trader, Merlijn, pointed out that the current Bitcoin trend is showing a classic price bottom structure in an inverted head and shoulders pattern, with a recent target price potentially reaching $140,000. (Cointelegraph)
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Odaily News Even though the market is in a sideways consolidation, Bitcoin traders are not feeling pessimistic about the Bitcoin price movement. Currently, the community consensus is not bearish, and they believe the bull run is far from over. Many people think that Bitcoin is preparing for a new round of price discovery. Trader Alan Tardigrade stated that Bitcoin is exhibiting an ascending expanding wedge bullish trend, with Bitcoin rising 49%, 125%, and 68% respectively each time this signal appeared since 2023. Another trader, Merlijn, pointed out that the current Bitcoin trend is showing a classic price bottom structure in an inverted head and shoulders pattern, with a recent target price potentially reaching $140,000. (Cointelegraph)