Bitcoin price has surpassed $100,000 and is displaying bullish behavior, with positive sentiment in the market.
A crypto analyst noted that the current Bitcoin trend is resembling a fractal from 2020, with similar accumulation and distribution patterns.
The analyst highlighted that the Bitcoin price broke the Pivot trend line and is currently in a retest phase at $97,000, aiming for a potential rally to $150,000.
Factors like the 50-Day Moving Average acting as support, RSI sequences aligning, and macroeconomic conditions favoring risk assets like Bitcoin contribute to the optimistic outlook.