Part 2/6:
Bitcoin has recently made notable movements on the charts. After breaking through a key channel, there is cautious optimism following the retest of this channel. The potential for Bitcoin to establish a triple bottom pattern might suggest a forthcoming upward trend. The analyst mentioned that if Bitcoin manages to surpass the ten-day moving average (MA) on the weekly chart, it could set the stage for a bullish rally.
Despite the initial resistance presented by the 10 MA, Bitcoin seems to be supported by the 50 MA on a weekly basis, which indicates strong foundational support. The analyst speculated that if Bitcoin mirrors past price patterns from late 2024, a significant rise could occur—potentially reaching levels much higher, such as $150,000.