Bitcoin reaches $111K as classic chart pattern projects 70% gains next
The recovery came as Bitcoin achieved a weekly close above $108,000, with the technical setup on the charts targeting significant gains ahead.
Key takeaways:
Bitcoin surged above $111,000 on Monday, driven by improving macro conditions and a potential US-China trade deal.
Technical analysis shows bull flags targeting $186,000-$192,000 BTC price in the weeks ahead.