According to Odaily, Bitcoin traders remain hopeful about the asset’s future despite the market’s current sideways movement. The overall mood in the crypto community isn’t bearish—on the contrary, many believe the bull run still has room to grow. There’s a growing sense that Bitcoin is gearing up for a new stage of price exploration.
Analyst Alan Tardigrade notes that Bitcoin appears to be forming an ascending broadening wedge, a pattern that has historically preceded major rallies. Since 2023, similar setups have led to gains of 49%, 125%, and 68%. Meanwhile, trader Merlijn points out that Bitcoin is showing signs of a classic reversal formation—an inverted head and shoulders pattern—suggesting the potential for a near-term price surge toward $140,000.
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