Here’s Bitcoin’s timeframe to claiming $200,000 ATH

With Bitcoin (BTC) reclaiming the $120,000 support, the asset’s long-term price structure signals the potential for a breakout toward $200,000 in the coming months. This possibility was shared by popular cryptocurrency analyst TradingShot, who noted that Bitcoin has extended its rebound from the 50-week moving average (MA), recently reinforced by a short-term bounce on the daily MA50. In an August 12 TradingView post, the analyst noted that this renewed momentum shifts the technical focus back to the macro trend, where the next significant hurdle lies at the 0.5 Fibonacci retracement level, the midpoint of the ascending channel that has guided Bitcoin’s price action since late 2017 source: https://finbold.com/heres-bitcoins-timeframe-to-claiming-200000-ath/