A recent analysis by crypto analyst Tony Severino highlights significant similarities between Bitcoin's CME charts from late 2023 and 2024. Both periods feature identical Elliott Wave counts and Bollinger Bands, suggesting bullish momentum. The Fibonacci extension levels for each year indicate possible price targets at $105,465 and $124,125.

The expansion of Bollinger Bands in both years supports the potential for upward trends, with the CME chart gaps being a crucial factor in Bitcoin's price movements. According to Severino, the 2024 chart anticipates another Bitcoin rally towards an optimistic target above $120,000.

Bitcoin's recent surge past the $104,000 mark reinforces this analysis, despite a slight correction. Presently, trading at $97,638, the cryptocurrency shows potential for exceeding its $100,000 all-time high.