Part 8/11:
Multiple technical tools and patterns point toward an imminent surge:
Megaphone Pattern: A formation indicating a potential target of $180,000, implying a future explosive move.
Resistance Consolidation: Bitcoin is currently consolidating at resistance levels, which is typical before a significant breakout.
Plan B’s Stock-to-Flow Model: Currently aligned perfectly, projecting a $100,000 target in 2024 and up to $500,000 for Bitcoin's long-term future—though the latter remains controversial.
RSI Records: RSI levels at an all-time high (77) before the halving, with no dips, suggest unprecedented market strength and scarcity—differentiating this cycle from past bull runs.