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The investor and co-founder of the Okse platform, known under the pseudonym Elja, presented an optimistic forecast regarding the future dynamics of bitcoin. According to his assessment, based on technical analysis, in the coming months, the leading cryptocurrency could reach an impressive $100,000-$150,000. Elja's forecast is based on the "cup with a handle" technical pattern he identified. According to the expert's observations, the formation of the "cup" began after bitcoin reached peak values at the end of 2021. The "handle" of the pattern began to form after the price of the cryptocurrency retreated from the resistance level in the range of 65,000-69,000 US dollars. The potential growth of the bitcoin exchange rate can be compared with the maximum distance between the neck line (the upper boundary of the pattern) and the lower point of the cup. This analysis formed the basis for Elja's forecast of a possible bitcoin reaching the $150,000 mark.
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