Bitcoin is predicted to reach $100,000 if it breaks above $72,000, a target many traders are watching. This outlook is contingent on breaking out of a bull flag pattern observed on the weekly chart, similar to the one seen in late 2020 before the market went parabolic.
"The result could be the 100K BTC Target that many Traders have been calling for one that will be within sight if and when BTC breaks above the upper bound of the range it's been trading in on the daily chart since late February as you can see this range is somewhere between 61 and 72k breaking above 72k would cause a breakout of the bull flag to 100K that Traders have been watching on the weekly"
