The price movements of bitcoin are showing strong developments, with the latest analysis indicating a target price range of $150,000 to $165,000. Historical patterns suggest that this kind of movement could result in 50%-100% gains. Bitcoin is currently hovering around $93,615, with the next significant resistance zone being between $150,000 and $165,000. The chart shows an ascending green trendline that acts as a support zone for bitcoin, and maintaining above this line is important for bullishness. If bitcoin can break above and hold beyond the resistance levels near $87,500, there is a higher chance of achieving $150,000. The positive state of the US crypto market further contributes to the positive mood in the market.



Other News from Today