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. 

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