<ul data-eligibleForWebStory="false"><li>Bitcoin is showing signs of breaking out from a descending broadening wedge pattern, with analysts suggesting a potential target of $144,000 if support above $104,000 is sustained.</li><li>Analysts point out a bullish trend for Bitcoin as it recorded its highest-ever weekly close and the MACD indicator forming a bullish cross, hinting at a potential price uptrend or buying opportunity.</li><li>Despite the positive outlook, some analysts anticipate a temporary stall in Bitcoin's price due to long-term holders taking profits and potential delays in US interest rate cuts.</li><li>Bitcoin's weekly RSI is trending upward, indicating bullish momentum, with the current price at $108,160.</li></ul>

Bitcoin Breaking Out Of Descending Broadening Wedge – Can Bulls Push BTC To $144,000?

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