Analyst sets date when Bitcoin will hit $148,000

As Bitcoin (BTC) gains momentum toward reclaiming the $120,000 mark, a cryptocurrency trading expert says the asset’s technical setup points to a potential breakout toward $148,000 in the coming weeks. Notably, BTC has rebounded from its 50-day moving average (MA) near $111,000, holding support for three straight days. This recovery has pushed prices toward the upper boundary of a descending channel, with resistance around $118,500, according to TradingShot in an August 8 TradingView post. Bitcoin price analysis chart source: https://finbold.com/analyst-sets-date-when-bitcoin-will-hit-148000/