Bitcoin shows steady growth by exiting a four-year bullish megaphone pattern, which analysts believe could lead to record highs.
Bullish Megaphone and its Impact on BTC Price
The megaphone pattern forms as an expanding wedge with higher highs and lower lows. Breaking above this pattern can trigger a parabolic rise. In November, Bitcoin crossed this pattern’s upper boundary, setting a new consolidation and growth phase.
Bitcoin’s “Gold Path” to $400,000
Analysts compare Bitcoin's trajectory to gold’s historic rise, suggesting a similar move to $400,000. Models normalized against gold’s market cap confirm Bitcoin's further growth potential.
Long-term Projections for Bitcoin
Analysts predict Bitcoin may reach $1.5 million by 2035, based on network growth and historical adoption curves.
Bitcoin continues its transformation into a mainstream financial asset, attracting attention from both retail and institutional investors.
