Bitcoin unfolds another bullish pattern pointing to $137,000 ATH target.
This bullish indicator is an AB=CD formation on the BTC price chart
One analyst encourages hedge trading as political tensions rise.
The price of Bitcoin experienced a rocky move influenced by rising tensions in the political sphere. Despite the possibility of growing FUD, the price of BTC has held out at the $105,000 price range signaling strength and resilience for the pioneer crypto asset. Presently, analysts are setting their sights on higher targets as Bitcoin unfolds another bullish pattern with the target set at $137,000.
Bitcoin Unfolds Another Bullish Pattern
The year 2025 is heading into its half-year mark, leading to rising agitation for crypto prices, particularly for the arrival of altseason. Unlike previous bull cycles, the pattern for altseason’s peak phase has not played out this cycle, meaning that altseason was delayed. This unusual change likely occurred due to Bitcoin (BTC) setting an ATH price before the Bitcoin Halving event occurred
Since then, Bitcoin went on to set a string of new ATH prices in the final quarter of 2024, before setting its first-ever 6-digit ATH price in the first month of 2025. This was then followed by a prolonged correction phase, which improved the crypto market condition, setting up a healthier market that would result in a bullish altseason in the coming months ahead. Although analysts remain certain that altseason will only arrive once the price of ETH begins to pump
Presently, both BTC and ETH are showing strong signs of strength and resilience, leading analysts to believe that bullish pumps may be on the horizon for both pioneer assets. In fact, bullish price chart indicators even signal new ATHs for both assets soon. As we can see from the post above, one reputed crypto analyst goes on to observe a particular bullish indicator that could propel the price of bTC to a much higher target
In detail, the analyst explains in the post above how BTC is printing an AB=CD pattern. He confirms that the pioneer crypto asset is consolidating inside a wedge formation, and there may be no real price spike moves unless BTC makes a clear breakout. He then says that if the break to the upside does occur, then the AB=CD price indicated suggests a BTC price projection that could take it to an ATH price of $137,000
Rising Tensions Could Stunt BTC Growth
Unfortunately, due to rising political tensions between Iran and Israel and their connection to leading players like the US, some traders have begun to prioritize hedge trading. One in particular says that it is crucial to forget bullish indicators as real-world actions could completely flip the narrative. While nothing is certain, this analyst encourages setting up smart trades that could result in capital preservation in every scenario
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Bitcoin Unfolds Another Bullish Pattern, Analyst Expects a Clear Breakout to Next ATH Target Set ...
Bitcoin unfolds another bullish pattern pointing to $137,000 ATH target.
This bullish indicator is an AB=CD formation on the BTC price chart
One analyst encourages hedge trading as political tensions rise.
The price of Bitcoin experienced a rocky move influenced by rising tensions in the political sphere. Despite the possibility of growing FUD, the price of BTC has held out at the $105,000 price range signaling strength and resilience for the pioneer crypto asset. Presently, analysts are setting their sights on higher targets as Bitcoin unfolds another bullish pattern with the target set at $137,000.
Bitcoin Unfolds Another Bullish Pattern
The year 2025 is heading into its half-year mark, leading to rising agitation for crypto prices, particularly for the arrival of altseason. Unlike previous bull cycles, the pattern for altseason’s peak phase has not played out this cycle, meaning that altseason was delayed. This unusual change likely occurred due to Bitcoin (BTC) setting an ATH price before the Bitcoin Halving event occurred
Since then, Bitcoin went on to set a string of new ATH prices in the final quarter of 2024, before setting its first-ever 6-digit ATH price in the first month of 2025. This was then followed by a prolonged correction phase, which improved the crypto market condition, setting up a healthier market that would result in a bullish altseason in the coming months ahead. Although analysts remain certain that altseason will only arrive once the price of ETH begins to pump
Presently, both BTC and ETH are showing strong signs of strength and resilience, leading analysts to believe that bullish pumps may be on the horizon for both pioneer assets. In fact, bullish price chart indicators even signal new ATHs for both assets soon. As we can see from the post above, one reputed crypto analyst goes on to observe a particular bullish indicator that could propel the price of bTC to a much higher target
In detail, the analyst explains in the post above how BTC is printing an AB=CD pattern. He confirms that the pioneer crypto asset is consolidating inside a wedge formation, and there may be no real price spike moves unless BTC makes a clear breakout. He then says that if the break to the upside does occur, then the AB=CD price indicated suggests a BTC price projection that could take it to an ATH price of $137,000
Rising Tensions Could Stunt BTC Growth
Unfortunately, due to rising political tensions between Iran and Israel and their connection to leading players like the US, some traders have begun to prioritize hedge trading. One in particular says that it is crucial to forget bullish indicators as real-world actions could completely flip the narrative. While nothing is certain, this analyst encourages setting up smart trades that could result in capital preservation in every scenario