Bitcoin’s Breakout Looms: Institutional Backing & Technical Signals Drive Bullish Outlook

Bitcoin is poised for a significant price surge, fueled by signals of institutional backing and technical strength. Analysis suggests targets between $144,000 and $260,000 based on the formation of a megaphone pattern, indicating a parabolic move as the upper boundary breaks. This bullish outlook aligns with the recent dip in short-term holding levels, pushing Bitcoin into oversold conditions – similar to a setup seen before a major rally. Korea’s launch of an institutional Bitcoin treasury adds further weight to this trend, strengthening the cryptocurrency’s adoption and signaling growing confidence from investors. ]