Bitcoin Price Forecast: Major Rally Expected to Reach $150k Mark
Saturday, 25 May 2024, 11:42
Bitcoin Attack Mode: BTC Set for $150k After Post-Halving Consolidation
After weeks of appearing to consolidate, Bitcoin (BTC) aims to establish its price above the crucial resistance level of $70,000. Indeed, the market anticipates a potential surge towards $150,000 if the current bullish momentum is sustained.
Expert Analysis on Bitcoin's Price Movement
- TradingShot predicts a new rally phase for Bitcoin post-halving, aligning with historical patterns in previous cycles.
- The occurrence of a two-month consolidation phase before and after halving is noted as a key pattern preceding significant price rallies.
- Technical indicators like the Mayer Multiple Band and Bollinger Bands Width support the bullish trend, indicating a potential surge towards $150,000.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.