Bitcoin has once again captured the market’s attention, surging past the $110,000 mark and igniting talk of a potential rally toward $150,000. According to a new analysis from crypto strategist TradingShot, several bullish signals are aligning to support this ambitious target.
Bullish Momentum Builds After Key Breakout
On June 10, TradingShot published a technical breakdown suggesting that Bitcoin’s recent price action has flipped the script on short-term bearish patterns. The asset bounced off the lower trendline of a multi-year ascending channel, a move that has historically preceded major rallies. Even more compelling: this rebound aligns perfectly with the 50-week moving average, which traders often watch as a key trend confirmation.
Notably, this is the third time Bitcoin has followed this setup, and in the previous two instances, the price doubled. If history repeats, Bitcoin could hit the $150,000 level from its $109,000–$110,000 base.
Other Analysts Are Also Bullish
While TradingShot highlights the technical side, other market experts are also optimistic. Michaël van de Poppe sees the $107K–$108K zone as a solid entry point for accumulation, predicting another leg upward.
PlanB, known for the Stock-to-Flow model, suggests a $130,000 June closing price if RSI reaches 75. Meanwhile, investment firm Bernstein maintains a long-term target of $200,000, citing increased institutional inflows, especially into Bitcoin ETFs, which now manage over $120 billion in assets.
What to Watch Next
- Short-Term Support: $107,000–$108,000
- Near-Term Resistance: $115,000
- Breakout Target: $150,000
- Institutional Indicator: Bitcoin ETF AUM growth
Is This the Time to Buy?
If the breakout holds and macroeconomic conditions stay neutral, traders might consider a continuation of this bullish trend. The alignment of long-term technical patterns, institutional interest, and market sentiment could make the current range a valuable opportunity.
However, it’s essential to remember that markets are unpredictable, and key resistance levels may still trigger pullbacks.
📌 Disclaimer: This article is for informational purposes only and does not constitute investment advice. Always do your own research before making financial decisions.
