Analysis: The bull market is far from over, and traders predict that BTC's short-term target may reach $140000

According to Cointelegraph, even though the market is consolidating sideways, Bitcoin traders are not pessimistic about the price trend of Bitcoin. Currently, the community consensus is not bearish and believes that the bull market is far from over. Many people believe that Bitcoin is preparing for a new round of price discovery. Trader Alan Tardigrade stated that Bitcoin is showing an upward expanding wedge upward trend, with Bitcoin rising 49%, 125%, and 68% respectively since 2023 whenever this signal appears. Another trader, Merlijn, pointed out that the current trend of Bitcoin presents a classic price bottom structure in an inverted head and shoulder shape, and the target price in the near future may reach $140000.