Analysis: Consensus in the crypto community is not bearish, traders optimistically predict BTC could touch $140000 in the near future

Odaily Planet Daily News: Despite the sideways consolidation of the market, 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. （Cointelegraph）