Bitcoin Bullish Trends

With Bitcoin (BTC) consolidating above $80,000, historical trends suggest the maiden digital currency could be building momentum for a major breakout, potentially targeting $200,000 next.

The possibility of this long-term target is supported by Bitcoin’s position above its one-week moving average 50 (1W MA50). This level has consistently acted as an anchor for bullish breakouts, according to analysis by online trading expert TradingShot.

In a TradingView post on March 21, the analyst noted that Bitcoin’s historical cycles follow a familiar pattern: a bear market bottom, an initial rally attempting to break above the “all-time high lower highs” trendline, and a steady climb within a ‘growth channel’.

This channel has repeatedly served as a stepping stone, guiding BTC higher until it eventually breaks out, triggering a parabolic rally.

Currently, Bitcoin is on the verge of such a breakout, with the only remaining resistance being the ‘growth channel’ ceiling. If Bitcoin clears this level, it could pave the way for a surge toward $200,000 or beyond.

According to TradingShot, even if Bitcoin continues growing within the channel before breaking out, a move toward $150,000 remains realistic. However, if history repeats itself, a breakout could lead to exponential gains driven by unprecedented adoption and capital inflows.

> “This is the only resistance level that has yet to be broke on this cycle. If it does, the market will explode to targets above $200,000 that will start putting it to capitalization levels that would require earth-shattering catalysts in terms of adoption,” the analyst noted.

The 1W MA50 remains a key support throughout this process, reinforcing Bitcoin’s bullish trajectory. As reported by Finbold, TradingShot had projected that Bitcoin could target $150,000 in September 2025.

Bitcoin’s path to $90,000

As things stand, Bitcoin still has a long way to go before hitting the $150,000 milestone, with $90,000 as the next major resistance level. Cryptocurrency trading expert Market Maestro reinforced this outlook, noting that a weekly close above $84,000 could open the door to $90,000.

In summary, Bitcoin needs to hold above the $80,000 support to maintain its momentum toward $90,000.

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