Analysts predict that Bitcoin's price surge aligns with historical trends and a completed cup-and-handle pattern, potentially leading to an epic rally in Q4 2024.
Bitcoin is projected to reach between $110,000 and $260,000, with the current consolidation period representing the 'handle' phase of the three-year pattern.
The cup-and-handle pattern is a bullish technical indicator that frequently forecasts an accelerated upward trend.
Historical patterns suggest that Bitcoin's biggest major rallies typically occur in the fourth quarter of halving years, supporting the potential for a dramatic price increase in Q4 2024.