After Bitcoin (BTC) claimed its all-time high of above $73,000 in early 2024, most investors have set their target on the $100,000 mark as the next record valuation for the maiden cryptocurrency. Now, a trading expert has come forward, offering a blueprint to push Bitcoin toward this milestone.
In particular, the expert, Peter DiCarlo, noted that Bitcoin looks solid to reach $100,000 but needs to breach the $68,000 resistance level to confirm the path to a new record high, he said in an X post on September 28.
Bitcoin price analysis chart. Source: TradingView/Peter DiCarlo
DiCarlo observed that Bitcoin is currently in a bull flag formation, a classic indicator of bullish momentum, but warned that this pattern has “faked a lot of traders out” in recent months.
He noted that the key to breaking through lies in the “bx” indicator, representing a bullish accumulation zone. This bx zone below $68,000 suggests that institutional investors have steadily accumulated Bitcoi
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