The analysis focuses on Bitcoin's price trajectory within a long-standing "Parallel Range Pattern" that has been in effect for approximately a decade. Historically, Bitcoin's major price peaks in 2017 and 2021 are observed to have occurred at the upper boundaries of this identified channel. The current market condition, situated within what is referenced as the 2026 cycle, shows Bitcoin bouncing from the channel's lower support level. The core technical projection is that Bitcoin is poised for a test of the channel's mid-level. This mid-level target is explicitly set at $150,000. The current price is indicated to be approximately $92,796.01. The analyst asserts that reaching this $150,000 mid-level target is highly probable and likely to materialize within a timeframe inferred to be within the next 12 months, aligning with the historical cyclical movements observed within the parallel range pattern.