Analysis: Bitcoins recent pattern is expected to push the price to $150,000, and the current daily RSI shows overbought risk

Odaily News Bitcoins recent rise is in line with the bull flag pattern on the weekly chart, which is a bullish continuation pattern. The target price of this pattern is currently predicted to be $150,000. Technical indicators also show positive signals, with the weekly RSI rebounding above 65, indicating increased buying pressure. André Dragosch, head of research at Bitwise, warned that Bitcoin market sentiment has reached its highest level since November 2024, and this optimism may trigger a short-term correction. Currently, the daily RSI shows overbought risks, with the next support level at around $100,000. If it falls below this level, it may test the 20-day exponential moving average (EMA) near $97,385. (Cointelegraph)