Bitcoin: Ready for a historic surge surpassing ATH?
Based on the latest technical chart, Bitcoin is showing clear signs of an extremely strong price increase. Can the 'big brother of the market' break all records and reach a new ATH by early 2025? Let's analyze!
🔹 Bull Flag pattern on the weekly chart:
Bitcoin has formed a very beautiful 'Bull Flag' pattern after a strong surge at the beginning of the year. This is a notable pattern in technical analysis, where the price moves sideways and accumulates within a narrow range. This indicates that the buyers are holding their position, waiting for the opportunity to push the price higher.
🔹 Breakout signs:
With the price having broken the Bull Flag at the upper resistance level, we can expect a subsequent growth phase. This move reflects the market's confidence and the determination of the buyers, which could push Bitcoin into a completely new price range.
🔹 Target to surpass ATH in February 2025?
Based on the technical model and current trends, it is predicted that the price may rise sharply and reach a new ATH milestone around February 2025. This is not just a dream number but also a milestone that could completely change the landscape of the crypto market.
🔹 Long-term trend:
Looking back, after the downturn in 2022, Bitcoin has made a remarkable recovery and continued its upward trend since the end of 2023. This growth seems to be just the beginning of a new long-term bullish cycle.
👉 Conclusion:
Bitcoin is facing an important phase. For those who believe in the strength of crypto, this could be a good time. However, remember that investing always comes with risks, and a cautious investment strategy is necessary in the market.
What do you think about this scenario? Will Bitcoin surpass ATH in the coming months?
