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Analyst sets date when Bitcoin will hit $148,000
As Bitcoin (BTC) gains momentum toward reclaiming the $120,000 mark, a cryptocurrency trading expert says the asset’s technical setup points to a potential breakout toward $148,000 in the coming weeks. Notably, BTC has rebounded from its 50-day moving average (MA) near $111,000, holding support for three straight days. This recovery has pushed prices toward the upper boundary of a descending channel, with resistance around $118,500, according to TradingShot in an August 8 TradingView post. Therefore, a decisive move above this level would confirm a bull flag pattern, similar to one seen between May 20 and June 20 ... (full story)
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