Bitcoin: Forecast of $88,000 by Year-End

Crypto analyst TradingShot predicts that Bitcoin (BTC) could reach $88,000 by the end of 2024, emerging from a prolonged stagnation into a bullish trajectory.

The current cycle demonstrates fractal patterns similar to past rallies, particularly from October 2023 to March 2024. Bitcoin has already begun to align with the "Uptober" meme, gaining momentum and breaking above key levels.

Analysis shows that Bitcoin has formed a bottom using the "inverted head and shoulders" pattern, signaling a potential reversal. The breakout from the lower trendline has catalyzed the upward movement, aligning with the $88,000 target.

Additionally, analyst Cryptocon points to the possibility of a peak at $240,000, based on the CC9 indicator and current bullish momentum. These factors suggest strong long-term prospects for Bitcoin