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Bitcoin New Bull Breakout Starts Soon

Bitcoin New Bull Breakout Starts Soon

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BullBear Trading
Dec 15, 2024
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BullBear Market Report
BullBear Market Report
Bitcoin New Bull Breakout Starts Soon
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Bitcoin New Bull Breakout Starts Soon

Summary

  • Bitcoin's post-election rally hit $100k rapidly, and then paused, with a follow-on 50% surge to $140-160k beginning soon.

  • Weekly charts indicate a powerful Wave 3 rally, attracting institutional money, with a target of $145k by February before a potential correction.

  • Monthly projections suggest Bitcoin could reach $300k by April, with significant upside potential as RSI extends into its red zone.

  • Bitcoin's adoption as a form of money is accelerating, supported by pro-crypto policies and a shift towards productivity and innovation in financial systems.

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