Westerville, Ohio--(Newsfile Corp. - February 28, 2024) - Trading platform TradingView is pleased to announce that the Company finished its Analysis of Decoding Bitcoin Market Cycles and presented ...

Bitcoin market conditions are flashing a setup not witnessed since late 2022. Despite widespread panic, BTC bottomed at $16,800 and doubled in three months.

Such a move would negate the bullish outlook. As of now, bitcoin's spot price also indicates a bullish setup, suggesting a potential rally to $134,000, according to veteran chart analyst Peter Brandt.

Tools like Market Cipher showed bullish patterns on the weekly chart, and now eyes are on the $88,000 support zone to confirm sustainability.