Bitcoin's trajectory toward $300,000 has caught the attention of crypto pundits, with key technical indicators suggesting a potential ascent to new heights. According to TradingView analyst 'TradingShot,' Bitcoin's resilience in maintaining the Mayer Multiple (MM) Mean, alongside analysis of price movements spanning from 2012 to 2024, indicates the possibility of entering an aggressive bull cycle. The MM Mean, a technical indicator evaluating the price-200-day moving average ratio, serves to gauge Bitcoin's valuation status. Notably, TradingShot's research highlights a pattern of bullish momentum following Bitcoin halving events, with Fibonacci extensions from previous cycles indicating a potential twofold spike in the current cycle, reaching an extension of 8.0. While speculative, this projection aligns with a potential surge to $300,000. However, amidst these optimistic forecasts, Bitcoin has recently experienced a downturn, prompting cautionary sentiments from experts like Michael van de Poppe, who foresee further declines in the cryptocurrency's value.#bitcoin #BTC #ScamRiskWarning #Memecoins #BullorBear