Bitcoin has shown uncertainty since its decline post-March, but recent consolidation has led analysts to predict it might surpass $70,000 and potentially exceed $100,000. Crypto expert TradingShot suggests a new rally could follow this consolidation phase, potentially driving Bitcoin towards $150,000, aligning with patterns seen in previous cycles around halving events. Indicators like the Vortex Indicator (VI) and Commodity Channel Index (CCI) highlight symmetrical cycles, with a predicted peak around March 17, 2025, and an initial target of $125,000, possibly reaching $150,000. Recently, Bitcoin hit $71,000 on May 21, driven by spot purchases and ETF entries, with mixed analyst views on whether the peak has passed or the bull run is beginning.
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