This New Year Bitcoin pattern hints BTC to peak at $150,000 soon
A cryptocurrency trading expert has suggested that Bitcoin (BTC) may be on the verge of reaching a new all-time high of $150,000 in the coming weeks, based on a bullish pattern reminiscent of past record-breaking rallies. This optimistic forecast follows Bitcoin’s reclaiming of the $99,000 mark over the weekend, aligning with the 50-day moving average (MA), which currently serves as a critical support level, according to insights from TradingShot in a TradingView post on January 6. The popular online trading expert compared Bitcoin’s current movements to its price action earlier in 2024. Back then, a similar recovery of the 50-day MA preceded a rally that pushed the cryptocurrency to a record above $73,000. Picks for you Smart crypto trader turns $2k into $3 million in just 10 hours 2 hours ago ...