They say Bitcoin will reach 140,000 dollars in the near future. Is this true in light of the ongoing war between Iran and Israel????

Bitcoin traders expect the bull market to continue.

AI Summary

According to Odaily, despite the sideways market movement, Bitcoin traders remain optimistic about the price trajectory of the cryptocurrency. The prevailing sentiment within the community is not pessimistic, as many believe the bull market is far from over. There is a consensus that Bitcoin is preparing for a new phase of price discovery.

Trader Alan Tardigrid noted that Bitcoin is following a widening ascending wedge pattern. Historically, since 2023, this signal has led to price increases of 49%, 125%, and 68% for Bitcoin. Another trader, Merlin, highlights that Bitcoin is currently showing a classic price bottom structure in the form of an inverted head and shoulders pattern, with a potential price target in the near term that could reach 140,000 dollars.

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