According to Deep Tide TechFlow, on June 15, Cointelegraph reported that although Bitcoin's price is currently consolidating above $100,000, traders remain optimistic about Bitcoin's future price trends, predicting that this bull market will reach new highs.
Analyst Alan Tardigrade stated that Bitcoin is in an "ascending broadening wedge" pattern and is expected to reach the $170,000 level. He also noted that the "golden cross" signal appearing on the daily chart (where the 50-day simple moving average crosses above the 200-day moving average) has pushed Bitcoin up by 49%, 125%, and 68% each time it appeared since 2023. Based on this, Bitcoin could reach between $152,000 and $229,000.
Another trader, Merlijn, identified a classic reversal pattern - the "inverted head and shoulders," with a breakout target price above $140,000, currently only hindered by a neckline level of $113,000.
However, there are also views that question the real support of the bull market. Saifedean Ammous, author of The Bitcoin Standard, reminds corporate buyers that Bitcoin has previously experienced declines of 70% and 80%, and such occurrences may happen again in the future.
