$BTC BTC could be gearing up for an explosive recovery to $150K, according to analyst TradingShot. Using Fibonacci levels, he predicts Bitcoin’s next major high at the -0.5 and 2.0 Channel extensions, signaling that we’re well into phase 3 of the bull cycle.

But before we see $BTC moon toward six figures, another pullback might be on the horizon. TradingShot highlights the possibility of a multi-month accumulation phase with a potential correction to the 0.382 Fibonacci level—a setup that could eventually ignite a 100% rally, potentially reaching $200K by late 2026.

Currently, Bitcoin has rebounded off the 1-day 50 MA for the first time in months and continues testing key support levels, like the 1-week 50 MA, which has held strong since March 2023. The Fibonacci Channel Up framework supports this bullish outlook, showcasing historical surges within each phase. Could we see history repeat?