Although things may not look as bright for Bitcoin (BTC) as the week begins, the flagship decentralized finance (DeFi) asset has formed several patterns that signal not just a recovery but also a potential bullish rally that could continue for the next 18 months.
As it happens, Bitcoin has found the same double support from the 50-period relative moving average (RMA) on its monthly chart, in addition to its parabolic stop and reverse (SAR) printing the first dot, as observed by cryptocurrency expert Trader Tardigrade, published in an X post on November 27.
According to the pseudonymous crypto trading specialist, this means that an extended, 18-month bull run could begin this very month, with the calculated top in May 2025, by which time the maiden crypto asset could potentially reach the massive price target of $220,000.
Bitcoin price action analysis and prediction. Source: Trader Tardigrade
Specifically, the parabolic SAR indicator is a series of dots placed above or below the price b
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