Odaily Planet Daily News 📈 Bitcoin enthusiasts, exciting news is here! Katie Stockton, founder of market research company Fairlead Strategies, states that Bitcoin is emerging from a consolidation phase and showing strong momentum in the short term. According to her analysis, Bitcoin is expected to approach $124,000 by the end of the year, with an increase of about 17%! 🚀

Data from the past week indicates that Bitcoin's technical short-term signals are bullish, and medium to long-term momentum indicators have shifted from neutral to positive. However, Katie also reminds everyone to pay attention to Bitcoin's initial support level—the rising 50-day moving average at $90,261, which means there could be a potential downside of 15%. 📉

Overall, the outlook for Bitcoin is optimistic, but investors still need to exercise caution!