Summary
- Bitcoin (BTC) has renewed its all-time high and is showing strength.
- Kyle Reidhead, co-founder of Milk Road, projects that Bitcoin could reach $150,000 based on the cup and handle pattern.
- Currently, according to CoinMarketCap, Bitcoin is trading at $111,091.66, up 2.5% from the previous day.
With Bitcoin (BTC) hitting an all-time high, there are forecasts that it will rise to $150,000.
According to Cointelegraph on the 10th (local time), Kyle Reidhead, co-founder of Milk Road, shared via X that the emergence of a 'bullish cup and handle' pattern suggests Bitcoin could climb to $150,000.
The cup and handle pattern on the chart is interpreted as a signal indicating an upward trend that pauses for consolidation and sideways movement before continuing to rise.
Meanwhile, Bitcoin broke through the $112,000 mark this morning, surpassing the previous record high set at the end of May. Currently, according to CoinMarketCap, Bitcoin is trading at $111,091.66, up 2.5% from the previous day.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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