The launch of Bitcoin’s “time bomb” targets $150,000 by 2025
Flashing signals suggest a potential explosive move to the range of $100,000 to $150,000 in the first quarter of 2025.
BTC’s Classic Price Pattern Indicates a Major Breakout
Recent Bitcoin price action suggests a convergence of technical indicators aligning with a potential breakout. The most notable formation on the charts is the “cup and handle,” a classic technical pattern signaling bullish continuation.
This pattern consists of a rounded bottom (the cup) followed by a consolidation phase (the handle). The handle formation indicates a period of consolidation that often precedes a significant upward breakout.
In Bitcoin’s case, this cup formed after its peak in late 2021, with the handle currently taking shape amid the cryptocurrency’s volatility beneath the resistance levels of $65,000 to $69,000.
Macroeconomic backdrops further enhance this bullish setup. The rising global liquidity index indicates an influx of capital into riskier assets like Bitcoin.
This liquidity surge, combined with Bitcoin’s price decline—described by Nestay as a “time bomb”—creates a scenario where a breakout may be imminent, especially as the market approaches October and November.
This article does not contain investment advice or recommendations. Every investment and trading move carries risks, and readers should conduct their own research before making decisions.
