💰 $BTC [1Hr Chart] 📈 #MarketRebound "Bitcoin is currently forming a Descending Broadening Wedge pattern on the 1-hour timeframe — a potential sign of upcoming volatility and a possible breakout.
* Potential "Cake Pattern" Target: One TradingView analyst noted a "cake pattern" completing on June 14 (Trump's birthday) with a price target of $16. Long-Term * Beyond 2025: Some predictions go much higher: * 2026: Range of $14 - $600 (depending on source) * 2027: Range of $13.50 - $215 * 2028: Range of $13 - $280 * 2029: Range of $12.50 - $550 * 2030: Range of $50 - $378 (Mudrex, Capital.com, CoinCodex, Coinpedia, Coinedition) * 2040: Up to $800 (Coinedition) * 2050: Up to $2,000 (Coinedition) Factors Influencing Price ("Upper" Potential): * Election-linked narratives: Donald Trump's political activity and the upcoming US elections are significant drivers.