Bitcoin : The Next Bull Run Is Confirmed
2024-10-14

BTCUSDT Long-Term Bull Run Confirmed (Monthly)

Current Price: $65,700.98
Target: $100,000+

After analyzing the lower timeframes, I can confidently say that the next bull run is confirmed. The current consolidation on the monthly chart is part of a bullish pennant, and we are on the verge of a breakout that will push BTCUSDT to new highs.

Key Insights:

Bullish Momentum on Lower Timeframes: The consolidation visible on the lower timeframes aligns with a strong breakout signal. The pullbacks are healthy and forming a solid base for the next major move.

Price Target: My projected target is above $100,000, with the long-term potential reaching $140,000 by 2026-2028. This is based on both technical patterns and historical trends.

Support Zones: If the price dips, strong support lies around $58,000-$60,000, ensuring that even in a retracement, the bull run remains intact.

Market Sentiment: The overall market is showing signs of strength, and institutional interest continues to grow, further confirming this upward trend.

Conclusion: The bull run is already in motion, and Bitcoin is expected to break out of its current consolidation soon. $100,000 is just the beginning, and I’m confident that we'll see higher prices in the coming years.