Analyst Says Bitcoin Is ‘Primed For A Breakout’: Is BTC Heading For $150,000 Rally? 📈

Bitcoin (BTC) continues to show potential for a significant breakout as it oscillates within a local range, teasing the possibility of a rally to $150,000. Recent market volatility hasn't deterred analysts, who see BTC stabilizing and bouncing back toward key resistance levels.

Despite failing to hold the $99,000 mark, trader EliZ suggests the cryptocurrency is set for a major move, even as unpredictability remains high. Opinions among market watchers diverge as Bitcoin’s price stability clashes with mixed sentiment.

Ali Martinez cites an ongoing symmetrical triangle pattern indicating an imminent breakout, stressing the need for confirmation. Meanwhile, Jelle believes BTC is set for its next growth phase, following the completion of its initial price-discovery correction.

Drawing from historical patterns, analysts look to Bitcoin's 2-year MA multiplier for potential top signals, with implications for a $152,000 target. As of now, Bitcoin trades at $98,243, showing minor daily gains.