Analysis: The bull run is far from over, traders predict that the BTC price target may reach $140,000 soon.
PANews reported on June 15 that, according to Cointelegraph, even though the market is moving sideways, Bitcoin traders are not pessimistic about the price trend of Bitcoin, and the current community consensus is not bearish, and believes that the bull market is far from over, and many people believe that Bitcoin is preparing for a new round of price discovery period. According to trader Alan Tardigrade, Bitcoin is in an upward extension wedge upward trend, rising 49%, 125%, and 68%, respectively, whenever the signal comes out since 2023. Another trader, Merlijn, pointed out that the current trend of bitcoin is showing a classic price bottom structure in an inverted head and shoulders pattern, and the near-term target price may reach $140,000.