
Bitcoin reaches $111k as classic chart pattern projects 70% gains next
Bitcoin surged above $111,000, reaching $111,430, fueled by improving macroeconomic conditions and prospects of a US-China trade deal. Technical analysis indicates strong bullish signals, with multiple bull flags converging to project price targets between $186,000 and $192,000 in the coming weeks. The rebound follows a bullish divergence on the RSI and expectations of a Fed rate cut, with potential for increased liquidity as quantitative tightening may end by January 2026. Experts like Mags foresee Bitcoin potentially rising to $250,000-$290,000, while Aksel Kibar targets $141,300, affirming the bulls' readiness to resume the uptrend.