Bitcoin (BTC) is signaling an explosive move to the $100,000-$150,000 range in the first quarter of 2025.

BTC price is signaling a major breakout with a classic pattern

Bitcoin’s recent price action shows that technical indicators are aligning with a breakout. The most striking pattern on the charts is the “cup and handle” formation, which suggests bullish continuation.

This pattern involves a rounded bottom (cup) followed by a consolidation phase (handle). The formation of the handle usually signals a period of consolidation that precedes a major bullish breakout.

Independent analyst Elja predicts that this pattern will target BTC at $110,000-$130,000 in early 2025.

Analyst Nestay says BTC is a "time bomb"

Nestay notes that Bitcoin's weekly Bollinger Bands Width (BBW) indicator has been narrowing since June, indicating low volatility. Historically, low volatility precedes big price moves.

Do you think Bitcoin can achieve these goals? Share your thoughts in the comments.