Why Bitcoin’s next stop is $150,000, according to expert
After Bitcoin (BTC) surged past the $110,000 mark in the last 24 hours, a trading expert is suggesting the next potential target could be $150,000 if technical indicators continue to align. In this case, prominent online crypto analyst TradingShot observed that Bitcoin’s current rally has invalidated several short-term bearish patterns, confirmed key support levels, and broken through a critical resistance zone. This positions BTC for a potential 101% rally. In a June 10 post on TradingView, the analyst noted that Bitcoin recently rebounded at the lower high trendline of a three-year ascending channel. This historically significant formation has often preceded explosive upward moves. Bitcoin price analysis chart. Source: TradingView This bounce came at a crucial moment, aligning with the 50-week moving average (MA) and effectively dismissing a looming head and shoulders pattern. With that bearish setup out of the picture, momentum appears to have shifted bac...