Recently, the market performance of $BTC has once again shocked the global financial community.
From May 15 to May 21, Bitcoin not only demonstrated strong upward momentum but also attracted the attention of many investors.
Its price once reached an intraday high of $107,068, then stabilized around $105,850, showing strong market demand and confidence.
| The charm of a stepwise upward pattern
Analyst Trader Tardigrade pointed out that the recent rise of $BTC presents an interesting 'stepwise' pattern.
Each upward wave is approximately $10,000, followed by a brief pause.
This regularity provides traders with predictable profit-taking or opportunities to establish new positions. As the market gradually consolidates, new support levels continue to form, indicating buyers' willingness to re-enter.
If this pattern continues, the next target may be $115,000.
| Optimistic outlook in technical analysis
Chart analyst CryptoCon predicts through the 'golden ratio multiplier' model that Bitcoin is expected to reach $160,000 in the future.
This model has performed excellently in previous cycles, accurately predicting market tops.
The current phase is similar to the 2017 bull market cycle, suggesting a possible acceleration of the upward trend.
However, analyst Willy Woo provides another perspective, believing that Bitcoin has evolved into a more mature financial instrument.
With the entry of institutional capital, Bitcoin's compound annual growth rate tends to stabilize, expected to align with broader economic trends.
Despite the decline in growth rate, Bitcoin's position as a global financial asset is becoming increasingly solidified.
Bitcoin's glorious moments not only reflect the optimistic sentiment of the market but also showcase its potential as an important component of the global financial market.
With the continuous advancement of technology and the maturation of the market, $BTC is expected to continue leading the cryptocurrency market, heading towards the $160,000 mark, becoming a dazzling star of the digital age.
