Bitcoin’s 2024 Breakout Pattern Recurs, Could $150K Be in Sight?

Bitcoin is exhibiting a familiar price pattern from 2024, suggesting a potential breakout and targetting the $150,000-$200,000 range. This comes as whales accumulate during dips, indicating long-term investor confidence, while macroeconomic conditions and institutional growth support a bullish outlook for Bitcoin this cycle. The asset is currently trading at $104,980.45. While short-term volatility exists, analysts believe the current price setup aligns with past bullish phases. Chart comparisons, on-chain activity, and macroeconomic signals suggest Bitcoin could reach $150,000 within the coming months, based on a pattern seen in 2024.