Odaily Planet Daily News: The recent rise in Bitcoin aligns with the 'bull flag' pattern on the weekly chart, which is a bullish continuation pattern. Currently, the target price for this pattern is predicted to be $150,000. Technical indicators also show positive signals, with the weekly RSI bouncing back above 65, indicating increased buying pressure. André Dragosch, head of research at Bitwise, warns that market sentiment for Bitcoin has reached its highest level since November 2024, and this optimism could trigger a short-term correction. Currently, the daily RSI shows overbought risks, with the next support level around $100,000. If it falls below this level, it may test the 20-day exponential moving average (EMA) near $97,385. (Cointelegraph)