Bitcoin formed a classic flag pattern and remained within a channel for about six months before breaking out of the bull flag. The next key target appears to be around the $100,000 level, where it could face significant resistance and possibly a major correction.
Once the target is reached, the market is likely to experience a sharp reversal, driven by the high anticipation around the 100k mark, a level traders have been eyeing for nearly a decade.
Expect substantial volatility as the price approaches this psychological threshold.