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Bitcoin Breaks Out of Key Bull Flag Pattern
However, despite the sudden pump and the reclamation of a 6-digit price, Bitcoin still has a long way to go before it reclaims its $108,268.45 ATH target. This sentiment is reflecting on the Crypto Fear & Greed Index where the score is still at 75 for the second day in a row. While this still marks a ‘Greed’ sentiment, it looks like the community is holding its breath and waiting to see if BTC price will hold before switching to a greater bullish sentiment.
Meanwhile, seasoned analysts are pleased to see that their patience is finally paying off. So far, most analysts were certain that the price of Bitcoin would eventually pump to retake the previous ATH and then go on to pump to secure much higher ATH targets. While the cycle top predictions vary from $235,000 to $250,000, analysts are now focusing on which ATH will arrive next for BTC.
Next ATH Set for $116,650
$BTC (BITCOIN) is NOW BROKEN OUT OF a KEY BULL FLAG PATTERN 🏁!
#BTC Back Above $100K #LTC ETF Approval Expected
#btc #bitcoinath