Rally

Captain

Coin

<ul class="news-points"> 
 <li><strong>Crypto analyst tweeted that BTC was attempting to break out after several rejections.</strong></li> 
 <li><strong>BTC loses momentum gained during the beginning of 2023 as bulls settle in.</strong></li> 
 <li><strong>If Bollinger bands widen like in June 2023, BTC could spike.</strong></li> 
</ul> 
<p>Crypto Analyst Captain Faibik tweeted that BTC was once again attempting to break out from the rising triangle pattern after multiple unsuccessful attempts. The analyst further stated that in the event of BTC breakouts, then, there could be a spike of 15-20% in price. However, if this is yet another rejection, BTC’s support would be $25.6K.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> is once again Attempting a Breakout, and I have a feeling it might succeed this time.<br><br> If the Breakout is Successful, we could see a 15-20% Bullish Rally in the coming days. <br><br>However, if the Breakout fails, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> could test the 25.6k support once again. <a href="https://t.co/bouWZRiI1h" target="_blank" rel="nofollow">https://t.co/bouWZRiI1h</a> <a href="https://t.co/WJvsoZjMtX" target="_blank" rel="nofollow">pic.twitter.com/WJvsoZjMtX</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1713793271460397270?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 16, 2023</a>
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<p>When looking at the 1-month chart for BTC, it could be noted that it was trading at $26.5K, when the markets opened for trading. The bulls have been successful in keeping the prices above the opening market price, though at times BTC fell below …</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/btc-tries-to-breakout-after-multiple-rejections-will-it-spike-by-20/">BTC Tries to Breakout After Multiple Rejections, Will it Spike by 20%?</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

BTC Tries to Breakout After Multiple Rejections, Will it Spike by 20%?

Coin Edition

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