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Bitcoin Traders Predict $270K Surge, Say Bull Run Isn’t Over

Bitcoin is holding above $100K, but traders are still bullish. Many now believe $BTC could shoot up to $140K, $170K, or even $270K this cycle.

🚀 Traders Eye Higher Peaks
Analysts say Bitcoin is forming an “Ascending Broadening Wedge” — a bullish pattern. One trader, Alan Tardigrade, sees this pushing BTC toward $170K.

On the daily chart, another bullish sign just showed up: the golden cross. That’s when the 50-day moving average jumps over the 200-day. It’s happened three times since 2023 — each time BTC pumped hard: 49%, 125%, and 68%.

If BTC repeats those gains, we could see $152K–$229K soon.

🧠 More Patterns, More Hype
Another trader, Merlijn, pointed out a “reverse head-and-shoulders” — a chart shape that often shows the bottom is in. If that plays out, his target is $140K+. But BTC needs to break $113K first.

😬 Bears Lurking Ahead?
Despite the optimism, some are nervous. Veteran Bitcoin author Saifedean Ammous warned that BTC has dropped 70–80% before, and it could again.

So while everyone’s dreaming of six-figure profits, don’t forget—Bitcoin can humble fast.

Golden cross: a bullish signal where the 50-day moving average rises above the 200-day moving average.
Ascending Broadening Wedge: a pattern suggesting rising price swings with growing momentum.
Inverse Head-and-Shoulders: a chart shape that often marks a market bottom before an upward move.

What do you think?

Written by 365int

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