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CryptoIntelligence 2024-09-15 18:22:00

Indicator Suggests Bitcoin Price Will Hit $150,000 in 2025

Bitcoin (BTC) is showing technical signals that might herald a significant surge towards the $100,000-$150,000 range by early 2025. BTC price classic pattern hints at a big breakout. Bitcoin’s recent price trends are aligning with multiple technical indicators that suggest a bullish continuation, prominently featuring a “cup and handle” pattern. This formation includes a rounded bottom (the cup) followed by a consolidation phase (the handle), which typically precedes a significant bullish breakout. The formation of the cup started after Bitcoin’s peak in late 2021, and the handle is now forming as Bitcoin hovers below the $65,000-$69,000 resistance levels. The cup-and-handle

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