Bitcoin’s Next Big Move Aims for $145K

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Bitcoin price consolidation after a powerful rally to record highs is normal, and the next leg up could push BTC toward $145,000, new analysis suggests.

Another Bitcoin price pullback to $117,000 is possible before the uptrend resumes.

A classic chart pattern puts BTC price on course for $145,000 in the next few months.

Bitcoin reached a six-week high of $119,500 on Thursday, following a 10% rise from its local low of $108,650 seven days prior. BTC has now reclaimed a key support level as prices continued to consolidate below its $124,500 all-time high.

Can Bitcoin see new all-time highs in the next few days?

Bitcoin “bull flag” breakout hints at $145,000
After rallying to its current all-time high of $124,500 on Aug. 14, BTC price pulled back to areas below $110,000, forming a bull flag on the daily chart.

A bull flag is a bullish continuation pattern that occurs after a significant rise, followed by a consolidation period at the higher price end of the range. 

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