Bitcoin's Bullish Wave: Predictions, Patterns, and Potential Roadblocks

Bitcoin has broken out of resistance, entering a bullish Wave 5 phase, with a crypto analyst predicting a potential rise to $320,000. The price action has been strong, with Bitcoin reaching new all-time highs and showing a confirmed breakout from a 'cup-and-handle' pattern. The current price is around $89,500, with a market cap of $1.77 trillion, and the momentum suggests further increases, targeting $90,000 and $100,000 next. The analyst's target range of $220,000 to $320,000 represents a significant potential increase from current levels.