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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
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Analysis: The bull run is far from over, traders predict that the BTC price target may reach $140,000 soon.
PANews, June 15 news, according to Cointelegraph reports, even though the market is in a sideways consolidation, Bitcoin traders are not feeling pessimistic about Bitcoin price movement. Currently, the community consensus is not bearish, and many believe the bull run is far from over, with many thinking that Bitcoin is preparing for a new round of price discovery. Trader Alan Tardigrade stated that Bitcoin is showing an upward expanding wedge trend, and since 2023, every time this signal appears, Bitcoin has risen by 49%, 125%, and 68% respectively. Another trader, Merlijn, pointed out that the current Bitcoin trend presents a classic price bottom structure in an inverted head and shoulders formation, with a recent target price potentially reaching $140,000.