Bitcoin Eyes $260,000 Amidst Bullish Megaphone Patterns and Oversold Signals
Technical analysis indicates Bitcoin (BTC) could be poised for a significant rally, with bullish megaphone patterns identified across multiple time frames suggesting price targets between $144,200 and $260,000.
On-chain metrics, particularly the Short-Term Holder MVRV ratio, indicate oversold conditions, historically preceding market recoveries. This confluence of technical and on-chain signals suggests potential for substantial upward movement.