$BTC Analyst: Bullish on BTC, predicts price will exceed $140,000

According to TechFlow on June 15, as reported by Cointelegraph, despite Bitcoin's current price stabilizing above $100,000, traders are optimistic about Bitcoin's future price movements and predict this bull market will set new highs.

Analyst Alan Tardigrade states that Bitcoin is in an "ascending broadening wedge" pattern, expecting it to reach the $170,000 level. He also noted that the "golden cross" signal appearing on the daily chart (50-day simple moving average crossing above the 200-day average) has pushed Bitcoin up by 49%, 125%, and 68% each time it has appeared since 2023, suggesting Bitcoin could reach between $152,000 and $229,000.

Another trader, Merlijn, identified a classic reversal pattern - the "inverse head and shoulders," with a breakout target price of over $140,000, currently only impeded by a neckline level of $113,000.

However, there are also views expressing skepticism about the real support for 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 events could happen again in the future.