On June 15, according to Cointelegraph, despite Bitcoin currently consolidating above $100,000 and experiencing a series of unexpected macroeconomic and geopolitical changes, traders' consensus is far from bearish. The bull market is far from over, and many believe Bitcoin is preparing to enter a new phase of price discovery.
Renowned trader Alan Tardigrade summarized in his latest analysis on June 15: "Bitcoin is advancing along an 'ascending expanding wedge' trend." He pointed out that this pattern has been forming for weeks and expects Bitcoin's price to reach $170,000. Such perspectives are not uncommon in the current market. Even those waiting for Bitcoin to initially drop to test support levels will ultimately see Bitcoin rebound and set new highs.
Trader Merlijn stated that the classic price bottom structure is presenting an inverted head and shoulders pattern and continues to unfold. "Breakthrough target? Above $140,000," with "$113,000 neckline being the only obstacle."
