Bitcoin’s Bullish Megafone Pattern Targets $260K as Price Hints at ‘Oversold’ Bottom

A bullish megaphone pattern in Bitcoin is signaling potential price increases, potentially pushing prices to new record highs. Analysts believe this pattern may lead to a significant rally, with the target range being between $144,000 and $260,000. This prediction is based on patterns observed across various timeframes. The recent Bitcoin price drop below $108,000 indicates potential oversold conditions in the market, as shown by short-term holder (STH) metric data. This suggests a possible rebound and new all-time highs.