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Bitcoin Aiming for $150,000
That bullish pennant? Target's $150,000.
Breakout happened. Retest done.
BTC sits at $137,950 now. Down 1.2% today.
Market vibes feel pretty strong for Bitcoin lately. This pennant pattern seems to point up. BTC broke out, tested support, and now looks ready to climb. $150,000 doesn't look crazy anymore.
Those 2025 backtesting numbers? Kind of surprising how accurate these pennant patterns can be for crypto prices. Especially Bitcoin. The math checks out when you measure the pre-pennant move and project forward. $150,000 makes sense technically.
Risk still matters though. Smart money keeps stops below the pennant's lower line. Some traders use ATR stuff because Bitcoin gets wild sometimes.
Ethereum's looking decent too. Might push toward $5,800-$6,000 soon. The ETH/BTC relationship still tells us a lot about where crypto's heading.
Weekends are weird. Less trading, more jumpy prices. Not in the market yet? Maybe wait for those weekly closes before jumping in.
Prices bounce around day-to-day. But that breakout pattern we saw? It's not entirely clear what happens next, but the technical picture looks solid for heading up.