Bitcoin It started with a negative RD and now a positive RD is forming. The bottom of the ascending channel is in the range of 12500 to 13000, and I think the price should reach the bottom of this channel first, and then the trend will change with the complete formation of a positive RD, and the price will probably reach $200,000 by the middle of 2025. If the price is lower than 12,000, this analysis is not valid.