As Bitcoin (BTC) seeks to claim the $100,000 mark, the asset’s historical price movement signals a potential push toward a new all-time high.
The maiden cryptocurrency has been trading within a clear channel-up formation throughout November 2024, echoing a similar bullish pattern seen in November 2023, according to cryptocurrency trading expert TradingShot.
As per the analyst, despite resistance near the psychological $100,000 level, historical movements indicate that Bitcoin could break through soon, potentially reaching $140,000 by early 2025.
Bitcoin price analysis chart. Source: TradingView
A breakdown of Bitcoin’s chart reveals striking similarities between the lows of August 2024 and August 2023, when prices briefly dipped below the 200-day moving average (MA)—a key trend indicator. Both times, Bitcoin rebounded through a cup pattern, signaling consolidation followed by an upward breakout, often marking the start of an accumulation phase.
During these periods,
We współpracy z: https://finbold.com/this-bitcoin-chart-pattern-sets-a-clear-path-to-140000-in-early-2025/
