Technical analysis by AplusCryptos about Symbol BTC: Buy recommendation (6/6/2024)

Historical Patterns:2017 Halving to Top: From the halving in mid-2016 to the peak in December 2017, Bitcoin saw significant price appreciation within a 1.5-year period.2021 Halving to Top: Similarly, from the halving in mid-2020 to the peak in late 2021, Bitcoin followed a comparable pattern, also over approximately 1.5 years.Projected Future Targets:2021 Equivalent Move Target Price: Based on the move from the 2020 halving to the 2021 peak, the projection for October 2025 is approximately $431,936.2017 Equivalent Move Target Price: Following the 2016-2017 pattern, the projection for September 2025 is approximately $2,081,964.Trend Channels and Price Targets:Ascending Channel: The price is trending within an ascending channel marked by parallel white and red lines, indicating strong upward momentum over the long term.