📊 Optimism Returns: Bull Market "Far from Over"
Bitcoin (BTC) is currently consolidating above $107,000, but many traders believe the next leg of the bull run is just around the corner. Despite macro uncertainty and geopolitical volatility, sentiment across the board remains solidly bullish.
Popular analysts are forecasting new all-time highs—ranging from $140,000 to $270,000—before this bull cycle ends.
“Bitcoin is trending upward in an Ascending Broadening Wedge… it’s expected to reach $170K levels.” — Trader Tardigrade
📈 Technical Indicators Back Bullish Outlook
Trader Tardigrade highlighted two key bullish formations:
- Ascending Broadening Wedge on the weekly chart, which historically aligns with major breakout rallies.
- A golden cross on the daily chart, where the 50-day moving average crosses above the 200-day MA—a pattern that previously resulted in BTC gains of 49%, 125%, and 68% since 2023.
“If BTC repeats its worst and best golden cross gains, we’re looking at $152K to $229K targets.”
🧠 More Traders Join the $140K+ Club
Trader Merlijn pointed to an inverse head-and-shoulders pattern forming on the 3-day chart, suggesting a breakout could be imminent.
“Breakout target? $140K+. Neckline at $113K is the only thing standing in the way.”
🐻 Preparing for What Comes After
Despite bullish forecasts, some in the Bitcoin community are urging caution. Notably, economist and author Saifedean Ammous warned that Bitcoin has historically seen 70%–80% drawdowns in past bear markets—and could again.
“Bitcoin has done -70% and -80% before, and it can do it again.” — Ammous, Bitcoin 2025 Conference
With this in mind, risk management and long-term conviction remain crucial—even during euphoria.
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