The BTC price has broken above a bearish rising wedge pattern on the daily chart, surging by over 8% to hit yearly highs above $31,000. Sure, the bears tried to pull it down, but the prevailing bullish trend seems to be holding steady.

Now, in the short-term, we might see a bit of a dip as Bitcoin (or any crypto) reaches the peak of the rising wedge pattern and visits support levels. But here's the thing - historical charts show that the price has never broken down from a rising wedge pattern when it's about to launch into a new all-time high. This happened during the previous bull runs in 2012, 2016, and 2021, and it looks like we could be in for another one.

So what's the prediction? Well, according to one analyst, we could be in for a huge upswing that lasts through 2023 and beyond. By the end of 2024, Bitcoin could be surging past the $100K milestone and even hitting levels around $150K before a bearish trend takes over in early 2025.