$BTC Future Price Prediction đđ„
This weekly chart of BTC/USDT highlights Bitcoin's long-term price movement within an ascending channel, with key levels and milestones:
1. Ascending Channel: Bitcoin's price has been moving within a well-defined ascending channel since 2017, characterized by higher highs and higher lows.
2. Historical Milestones: Each bull run has seen a 150% rally from key breakout points, as highlighted in 2017, 2021, and the current 2024 breakout.
3. Current Breakout: Bitcoin has recently broken above a major resistance level near $70,000, supported by the channel's structure and a strong bullish continuation pattern.
4. Target Projection: If the historical pattern repeats, a 150% increase from the breakout suggests a potential price target of approximately $250,000.
This chart emphasizes Bitcoin's cyclical nature and provides a bullish outlook for the next phase of its price movement.
#DYOR #BitcoinHistoryRepeats $BTC