🚨🚀🚀 BTC Price Prediction: Another Rally Next

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While the long term target is rather difficult to identify given the unprecedented, unaccountable factors, it seems like the short-term target for Bitcoin price will be $85,000. This is drawn from the symmetrical triangle trading pattern BTC is observing at the moment.

This pattern is characterized by converging trend lines, forming a triangle shape. It indicates a period of indecision in the market, with prices consolidating between higher lows and lower highs. A breakout could lead to a significant price movement.

Based on the pattern, the target is set 21% above the breakout point, coming in slightly above $85,000. Thus, investors should expect a rally down the line.

However, another major factor that could invalidate this bullish thesis is the realization of long-term holder profit. Historically, following new all-time highs, these holders tend to book profits, which results in Bitcoin price correction over the coming weeks.

If this happens to be the case with BTC as well following the halving, Bitcoin price could correct, potentially falling back to $60,000.