🚀🚀🚀 $BTC Price Charts Signal $200,000 Target as Analysts Spot #BullishTrends
Bitcoin Sets New ATH, Eyes $200,000 Milestone
- Bitcoin (BTC) has reached a new all-time high (ATH) of $108,268.45, marking its third consecutive ATH in as many days. This surge mirrors last month’s impressive run, where BTC achieved seven ATHs within 25 days. However, BTC has entered a healthy correction phase, pulling back to around $104,000.
Bullish Indicators Fuel Optimism
- Megaphone Pattern Breakout: BTC’s breakout from a bullish megaphone pattern signals potential for higher highs in this bull cycle.
- Golden Ratio Multiplier Breakout: Analysts note BTC has surpassed the critical blue line in the Golden Ratio Multiplier chart, with the next target in the red zone around $200,000.
Analysts Expect Higher Targets
- Market sentiment remains in the ‘Extreme Greed’ phase, despite the slight dip. Analysts predict BTC will hit $110,000 in the coming days and climb to $125,000–$135,000 over the next few months. A seasoned expert believes BTC is now on track for its next major milestone at $200,000.
- With these bullish indicators in play, Bitcoin’s upward trajectory seems poised to continue, paving the way for new price milestones in this ongoing bull market.
