Bitcoin Bearish Crab Pattern Suggests Price Target of Up to $160,000
The Bitcoin price is forming a Bearish Crab Pattern, similar to 2021, which may indicate future trends.
- In 2021, this pattern preceded a surge to a $69,000 all-time high.
- The current target for Bitcoin's daily close is $124,545, known as the Activation Trigger.
- The "Buy The Dip Zone" is between $118,000 and $120,000, indicating potential buying opportunities.
- If the bullish trend continues, Bitcoin could reach $136,000, with extended targets up to $160,000.
- A bearish scenario could occur if Bitcoin falls below $107,000, invalidating the bullish outlook.
