Bitcoin Poised for Major Rally After Technical Signals

The recent market movements of Bitcoin, influenced by political tensions, caused a notable decline of approximately 5%, pushing the price below $101,000 from $106,000. However, key technical indicators now suggest a strong potential for a bullish resurgence. Signals such as the golden cross and a breakout above long-term declining trendlines, observed in recent weeks, align with historical patterns that have preceded significant rallies. The analyst’s projections point toward a possible rise of up to 62%, targeting around $170,000, with a more conservative initial goal of roughly $130,000. Current market sentiment remains optimistic despite some short-term caution, with predictions supporting substantial future gains.