#BinanceVietnamSquare

Bitcoin (BTC) price recently hit a new all-time high and has since been trying to do so again.

Looking at the chart, it appears that a long-term bullish outlook is the likely outcome. However, investor behavior suggests otherwise.

This pattern is characterized by converging trend lines, forming a triangle. It shows a period of indecision in the market, with prices consolidating between higher lows and lower highs. A breakout can lead to a significant price movement.

Based on the model, the target is set 21% above the breakout point, reaching slightly above $85,000. Therefore, investors should expect an upcoming recovery.

BTC/USDT 4-hour chart. BTC/USD 4-hour chart

If this happens to BTC after the halving, Bitcoin price could correct, potentially falling back to $60,000.

#BinanceVietnamSquare