The bull market may last longer than it was expected to throw its final equipment, but the Bitcoin price structure remains stubborn and was constantly climbing as part of the growing trend channel. However, the potential upper part target They also increased higher and can open the door to unprecedented price levels in the coming weeks.
Why delay on the bull market can be good news
Global uncertainty delayed the second and probably the final phase of the current bull market in cryptocurrencies. According to master Kenobi’s post At X he noticed that these delays could end up in our benefit.
While bitcoins and altcoins remained within the growing trend channel, the upper and lower borders of this channel are constantly growing and show resistance in the market structure despite external fluctuations. If the second phase bull The market caught fire in April, forecasts suggest that the upper BTC limit could exceed $ 134,000 to USD 155,000.
However, since this has not happened, the upper limit is still increasing, and if the 50-day pump pattern holdsThe upper limit can be achieved around August 11, in the range of USD 169,000 and USD 197,000. Of course, this requires relative global stability. “Let’s hope for another 30 days of peace, when 20 days have passed,” added the analyst.
Why Bitcoin Surge is a trigger on the market
In x postDavie Satoshi also mentioned that Bitcoin is on the verge of something massive, that BTC rises during the long -term channel stubborn. He was marked by a long -term green Trend lines and just broke through Resistance levelIN which is indicated by the blue dotted horizontal line, which until now constrained the rush of rush mountains.
Every time the Stoch, a relative force indicator (RSI) goes to a monthly chart, leads to an explosion rallyAnd the crossover is freshly triggered, many perceive it as the beginning of something massive, not just for bitcoins.
The analyst stated that the growing tide raises all boats, and Bitcoin has always been a sack of the cryptographic market. They also suggest that the price of BTC may escalate close 180,000 to USD 200,000, with the potential best from the end of August to September, followed by the Alt season and reaches the peak in the first quarter of 2025 to Q126.
Memecoins and Altcoins Continue dominating the narrative in the cryptocurrency space this year. The next NFT season will start in January 2026, followed by Bitcoin ordinance in mid -2026.
A distinguished picture from Istock Images, chart from TradingView.com
