Bitcoin's price may hit record highs with a cup and handle pattern, analysts predict breakout.

From Investing.com

January 18, 2025 10:00 AM:

Bitcoin’s price is closely watched as it might validate a cup and handle pattern, potentially hitting record highs. Analyst Ali predicts a breakout could lead to a $276,400 target. CryptoQuant forecasts Bitcoin to reach $200,000 by 2025 due to $520 billion inflows and a bullish cycle. BTC currently trades at $103,358, up 1.13% in 24 hours.

Cryptocurrencies rebounded after a sell-off at the week’s start, following promising U.S. inflation data. Recent gains have been reversed, with $477 million worth of positions liquidated. Bitcoin has mirrored stock movements this year, consolidating since late December. Bitcoin ETFs have seen over $1 billion in inflows in the last two days.

Read more at Investing.com: Bitcoin (BTC) Legendary Pattern Signals Record-Breaking Surge: Details By U.Today