Bitcoin

Bitcoin, which had a nice rise last week by exceeding $ 35,000, has been continuing its horizontal movements at $ 34,000 in recent days. 
While investors were having a dilemma about whether there would be a rise or a correction next for BTC, a positive comment for BTC came from FxPro senior analyst Alex Kuptsikevic. 
Speaking to Coindesk, Alex Kuptsikevich pointed out that Bitcoin formed a triangle on the daily chart. 
Stating that such triangle formations are a harbinger of an upward rise, the analyst continued his words as follows: 
<blockquote> 
 “Bitcoin is forming a triangle on the daily chart. It is generally believed that such consolidation formations will end with an upward breakout. 
 A break above $35,000 will confirm a breakout of the bullish triangle and an upward move. This will indicate that the rise starting from $ 26,500 will continue. 
 Triangles generally continue in line with the previous trend, but it should not be forgotten that in some cases there may be a downward break. Therefore, investors need to closely monitor price movements in the next few days.” 
</blockquote> 
<img decoding="async" class="alignnone size-full wp-image-125782" src="https://www.bitcoinsistemi.com/wp-content/uploads/2023/10/Ekran-Resmi-2023-10-31-15.01.56.png" alt="" width="1162" height="561"> 
Bitcoin continues to trade at $34,470 at the time of writing. 
*This is not investment advice. 
 Continue Reading: <a rel="nofollow" href="https://en.bitcoinsistemi.com/analyst-this-formation-in-bitcoin-points-to-ascension-but-this-level-needs-to-be-broken/">Analyst: "This Formation in Bitcoin Points to Ascension! But This Level Needs to Be Broken!"</a>

Analyst: "This Formation in Bitcoin Points to Ascension! But This Level Needs to Be Broken!"

Bitcoin Sistemi EN

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