<ul data-eligibleForWebStory="true"><li>Brewing tensions between Israel and Iran have led to global de-risking, impacting Bitcoin, down 1.7% in the past 24 hours.</li><li>Bitcoin is potentially following the ABCD pattern, with an analyst suggesting a target of $137,000 if it breaks out.</li><li>Technical indicators, including a bullish double bottom and cup and handle pattern, support a potential new all-time high for BTC.</li><li>Hash Ribbons, historically associated with major rallies, are indicating a potential strong uptrend for Bitcoin.</li><li>Despite staying above $100,000, BTC faces resistance at $110,000, and on-chain data shows long-term holders exiting.</li><li>Retail investors are entering the Bitcoin market while short-term holders exhibit declining confidence.</li><li>BTC currently trades at $105,568, reflecting a 1.7% decrease over the past 24 hours.</li></ul>

Bitcoin Following ABCD Pattern? Analyst Sees Path To $137,000

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