Bitcoin (BTC) has emerged from a long period of stagnation and is back on a bullish trajectory, prompting TradingShot analysts to predict potential growth to $88,000 by the end of 2024. Bitcoin's current cycle is showing fractal patterns similar to the rallies of previous years, especially in the period from October 2023 to March 2024, the expert emphasized.

Bitcoin has begun to live up to the “Uptober” meme as it has picked up momentum in recent days and fallen above the top of the triangle. Based on this, $88,000 is very likely by December.

Both cycles traded within a Triangle pattern and bottomed with an Inverse Head and Shoulders pattern, a strong reversal signal that often precedes bullish moves. The bottom was formed at the same time as the Death Cross formation, where the 50-day moving average (MA50) crossed below the 200-day moving average (MA200), signaling the end of the bearish trend. In 2023, Bitcoin demonstrated significant upside momentum after breaking the Triangle's low-highs trendline, leading to a rally to the 2.0 Fib extension, which is in line with the projected $88,000 target for this year's cycle. With Bitcoin now breaking above the same trendline in October 2024, a similar breakout seems likely. Well-known market analyst Cruptocon identified a potential maximum of $240,000 based on the Consecutive Candles 9 (CC9) indicator. This technical signal, combined with the current bullish momentum, points to strong long-term prospects for Bitcoin beyond the current cycle.#BinanceTurns7 #IntroToCopytrading $BTC #Bitcoin