Analyst: Bitcoin currently has no technical resistance and may hit new highs in the next two quarters

Matthew Sigel, head of digital asset research at VanEck Investment Management, said Bitcoin’s price rally could continue into 2025.
Sigel noted that Bitcoin’s price surge following President-elect Donald Trump’s nomination last week is similar to the rally that followed the 2020 presidential election when Democratic candidate Joe Biden was elected. Sigel estimated that Bitcoin’s price could double to $180,000 during this bullish cycle.
“As we expected, Bitcoin experienced a volatile rally post-election. Now we are in blue sky territory with no technical resistance and we think Bitcoin could hit new all-time highs over the next two quarters.”
"The same pattern happened four years ago," Sigel said. "Between the 2020 election and the end of the year, Bitcoin doubled. There have been about six 10% corrections, so it won't be a straight line, but we're up 30% so far, and many of the indicators we track are still showing green lights, which suggests that this wave of gains may continue." (The Block)