- EliZ’s trendline strategy predicts BTC could hit $150,000 if support holds.
- The approach simplifies trading by focusing on two key lines over 200 indicators.
- Recent price action suggests potential consolidation or a wave four correction.
Bitcoin’s Uptrend Gains Momentum Toward $150K
The cryptocurrency market is buzzing with anticipation as Bitcoin (BTC) continues its upward trajectory, and a recent post by analyst EliZ on X has caught the community’s attention. The chart, showcasing BTC/USD on a weekly timeframe from Coinbase, highlights a simple yet powerful strategy: using two trendlines to predict future price movements. As of October 12, 2025, with BTC hovering around $113,826.23, the chart suggests a bullish trend that could push prices toward $150,000 or beyond, provided the trendlines hold.
Primary Trendline Acts as Dynamic Support
EliZ’s approach strips away the complexity of over 200 indicators, advocating for the elegance of trendlines to cut through market noise. The primary trendline, drawn from the 2022 low, has acted as dynamic support, guiding BTC through its recovery and recent highs.
A secondary line reinforces this bullish outlook, suggesting that as long as the price respects these levels, the macro cycle remains intact. This simplicity resonates with traders who value clarity over clutter, especially in Bitcoin’s volatile landscape.
Strategic Patience Ahead of the 2026 Cycle Peak
However, the strategy isn’t without risks. Comments on the post reveal mixed sentiments—some praise the trendline’s predictive power, while others caution about potential liquidity traps or manipulation. The recent surge past $126,000, followed by a bearish pin bar, adds intrigue, hinting at possible consolidation or a wave four correction. For investors, this underscores the need to watch these trendlines closely, especially as we approach the 2026 cycle peak.Bitcoin nears its all-time highs, EliZ’s analysis serves as a reminder of technical analysis’s enduring relevance. Whether you’re a seasoned trader or a newcomer, keeping an eye on these trendlines could be key to navigating the next leg of BTC’s journey.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
