Bitcoin to hit $130,000 on this date, according to analyst

As Bitcoin (BTC) consolidates just below $105,000, an analyst has identified a historical trend that could propel the flagship cryptocurrency to a new all-time high in the coming weeks. Since bottoming in early April, Bitcoin has moved in a clear $10,000 step-like pattern, first breaking through $74,000, then $84,000, $94,000, and now consolidating near $104,000. This consistent progression has seen each primary level tested and breached, forming a well-defined upward channel.  According to prominent crypto analyst TradingShot in a TradingView post on May 16, this formation suggests that Bitcoin is trading within an ascending channel, indicating room for continued gains source: https://finbold.com/bitcoin-to-hit-130000-on-this-date-according-to-analyst/