Nothing

bullish

Bitcoin

Resistance

Captain

<ul class="wp-block-list news-points"> 
 <li>Bitcoin is set to experience a massive bull run shortly, predicted an analyst.</li> 
 <li>BTC needs to break above the $69K-$70K resistance to confirm a bullish surge.</li> 
 <li>Bitcoin will reach the $100K price tag by Q4, predicted the analyst.</li> 
</ul> 
Crypto watchers are eyeing a potential breakout for Bitcoin after crypto analyst Captain Faibik highlighted a bullish technical pattern. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> Nothing has Changed yet..!! Bitcoin has been consolidating within a Descending Broadening Wedge for the past 6 Months. Breaking through the $69-70k Crucial Resistance level is essential for the bulls. In the last 4-5 attempts, Bulls have failed to clear this level, but… <a href="https://t.co/hVyGwd6Tgt" target="_blank" rel="nofollow">pic.twitter.com/hVyGwd6Tgt</a>— Captain Faibik 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f43a.png" alt="🐺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1829031459358691338?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 29, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
Faibik believes Bitcoin is on the verge of a significant rally after spending the past six months consolidating within a Descending Broadening Wedge. This chart formation often precedes a price surge. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcJmEh7igOgMuhlXpBhsLKwyMKU7LXyBPzuOkQjz-OUlwModH2chAb7pF7Z29mhECvqlp0vfHVpsRh8uZYkU8IAvv3TFkuugaknRehjI7LdTzt0WsWLtXrusGLYwuiC3wAYK8Zfg-7c4VhZr1MFiFFOM4fU?key=k_PV7V3pNtDL0rtoktZmtA" alt="">
</figure> 
However, the analyst also highlighted that it is imperative for the leading cryptocurrency to break above the resistance zone of $69,000-$70,000 price level and despite numerous attempts, the bulls have not been able to do so. According to the analys…
The post <a href="https://coinedition.com/bitcoin-poised-for-breakout-as-analyst-predicts-100k-by-q4/">Bitcoin Poised for Breakout as Analyst Predicts $100K by Q4</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin Poised for Breakout as Analyst Predicts $100K by Q4

Coin Edition

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