@cyberneticcipher
Analysts Project Further Ascent
Technical analysts and market observers are largely optimistic about Bitcoin's potential for further gains. TradingShot analysts highlight Bitcoin's clear upward channel since November 2022, noting the cryptocurrency has successfully turned its previous "bull flag" top into a support level — a strong bullish signal. They project a technical target of $168,500.
Adding a macro perspective, prominent trader Zerohedge suggested that if Bitcoin's fractal pattern with M2 money supply holds, it could enter a parabolic rally after its current consolidation period.
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