Bitcoin's historical price movement suggests that it could potentially reach a new all-time high of $140,000 by early 2025, overcoming resistance near the $100,000 mark. Analysis of the cryptocurrency's chart reveals similarities between previous lows and cup patterns, indicating a consolidation phase followed by an upward breakout. The golden cross and channel-up pattern in November 2024 also indicate strong upward momentum. While a recent MACD death cross suggests short-term bearish momentum, historical patterns suggest a robust recovery may follow. Additionally, technical indicators and analysis from TrendSpider suggest that Bitcoin is building towards another record high. Overall, the market is hopeful that Bitcoin may break the $100,000 resistance and target a new high by the end of 2024. Bitcoin was trading at $95,720 at the time of writing and must maintain its position above the $95,000 support.



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