The popular crypto analyst, Mags, has identified a "massive cup and handle pattern" in the Bitcoin price chart, indicating the potential for a major rally. Bitcoin has just broken past the handle portion of the pattern, signaling a bullish phase. Mags suggests that if Bitcoin can break through the resistance point known as the "neckline," it could surge to $200,000, marking a new all-time high. The analyst has also forecasted even higher price targets, suggesting that $200,000 may be conservative. Additionally, Mags believes Bitcoin is about to enter its price discovery phase, which historically leads to significant price increases. The analyst sets a target of $300,000 for Bitcoin's potential peak.



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