Bitcoin catches signal to re-enter bull market… ”It will reach $200,000 this year”

It has been reported that Bitcoin has once again entered a bullish trend. The most reliable of the technical analysis indicators, the "long-term trend indicator," has shown a clear upward signal for the first time since mid-2024.
The cryptocurrency analysis account StockMoneyLizard said that the cryptocurrency could rise to as much as $200,000 this year.
On the 28th, X Lizards diagnosed that "Bitcoin is about to enter its next major uptrend" and used the long-term trend tool OTT (Optimized Trend
The OTT is an advanced trend-tracking tool that uses moving averages and the average real range (ATR) to track the bullish turn in past Bitcoin bull cycles.
Analysts say that the price has also repeatedly caught the timing of bullish reversals. This time, too, it has retested the OTT band twice before finally breaking out of the upper limit.
Lizard said, "The pattern is so clear it's painful," and that "OTT tracks the macro movements of Bitcoin.
"We just broke through the upper limit of the monthly OTT band again, which means Bitcoin has entered its next major uptrend," he said.
"It's a signal," he said. He predicted that the price of Bitcoin could rise to as much as $200,000 in 2025, and could even rise to $250,000 depending on market conditions.
Cointelegraph reported that "multiple experts' short-term targets are forming above $130,000, and bullish expectations remain strong despite macroeconomic uncertainty and comments from key speakers."
On-chain data analysis company Glassnode said Bitcoin is now in the price discovery phase, with the $120,000 mark being a key area.
In a recent weekly report, the bank said, "The $120,000 mark is the point where investors' desire to realize their gains may become more serious," and analyzed, "At that point, selling pressure may intensify."