Bitcoin to Hit $130,000 by Year-End – Time to Buy Now?**

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Bitcoin has been moving sideways for over six months, but recent market movements suggest a bullish breakout.

The formation of a bullish flag and the transition into wave (5) of the Elliott Wave pattern indicate a strong upward trend. Using the Fibonacci extension tool, the target is estimated to be around $130,000 by the end of 2024.

Recent actions by the Federal Reserve, including an interest rate cut, have positively impacted Bitcoin’s price, further boosting optimism for a strong rally.

Advice :

While the forecast appears promising, it's crucial to implement proper risk management. Stay informed about market conditions and be cautious about sudden downturns. Diversifying investments is key to balancing risk and reward.

Conclusion :

With technical and external factors aligning, Bitcoin may experience a significant surge. However, investors should proceed carefully, keeping an eye on price movements and adjusting strategies as needed for successful trading.