I am anticipating Bitcoin to rise to an ATH of $144,500 following a major breakout from the recent consolidation within a bullish pennant pattern. On several occasions, it has attempted to reach $100,000 but remained constrained within the pennant boundaries. However, with a clear breakout now evident, I expect a lengthy move to $144,500, corresponding to a 61.8% Fibonacci extension of the November 4 ($66,700) to November 22 ($99,500) impulse.
In the chart, you can see a clear breakout, and I anticipate a fast rally once the $100,000 level is breached, followed by a potential retest before continuing higher.
In the chart, you can see a clear breakout, and I anticipate a fast rally once the $100,000 level is breached, followed by a potential retest before continuing higher.
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