Bitcoin traders are optimistic, predicting new highs of $270,000; bullish sentiment prevails.

From Cointelegraph

June 15, 2025 07:02:00 AM:

Bitcoin traders are optimistic about new all-time highs, with some predicting $270,000 by October. The bull run is expected to continue, despite doubts about the impact of the next bear market. Traders see Bitcoin heading much higher than its current record, preparing for a period of price discovery.

Popular trader Alan Tardigrade forecasts BTC reaching $170k levels, based on an Ascending Broadening Wedge pattern. A “golden cross” on the daily chart could boost BTC by 49%, 125%, and 68%, leading to possible targets of $152k and $229k. Other traders also anticipate new highs for Bitcoin.

Trader Merlijn identifies an inverse head-and-shoulders pattern with a breakout target of $140k+. Concerns over the bull run’s true support are rising, with comparisons to the end of the last bull market in 2021. Bitcoin bulls caution about potential future bear markets, emphasizing the risks of BTC exposure.

Despite the optimistic outlook, some traders are wary of potential price rejections near all-time highs. The possibility of future bear markets looms, prompting caution from prominent Bitcoin advocates. Investors are advised to conduct their own research and consider the risks involved in trading and investing in Bitcoin.

Read more at Cointelegraph: Bitcoin traders stay bullish on BTC price with $140,000 targets and higher.