Bitcoin

<ul><li>Analyst predicts Bitcoin may reach $100k in Q4 if the $70k resistance level breaks.</li><li>Bitcoin trades in a broadening wedge with key resistance at $70k and support around $64k.</li><li>Analyst notes high liquidity at $60k, significant reaction zone near $70k.</li></ul>Bitcoin (BTC) has been navigating a complex market environment, marked by its struggle against significant resistance levels. According to an analyst, Captain Faibik’s X post, Bitcoin remains in a critical phase, with its price movements confined within a descending broadening wedge for the past six months. This pattern is a potential precursor to a bullish reversal, provided Bitcoin can overcome the formidable resistance.<h2 id="header-0">Descending Broadening Wedge</h2>Two diverging trendlines characterize the descending broadening wedge pattern that Bitcoin is currently trading within. The upper trendline connects a series of lower highs, while the lower trendline links the lower lows, forming a structure that typically indicates a weakening bearish momentum. As Bitcoin&#39;s price tests these trendlines, the market anticipates a decisive breakout or breakdown.The upper resistance line, which <a href="https://cryptotale.org/crypto-dip-bitcoin-below-59k-ethereum-solana-down-8/" rel="noopener noreferrer nofollow">Bitcoin</a> has repeatedly tested, lies between $69,000 and $70,000. Notably, this resistance has proven to be a formidable barrier, preventing sustained upward movement. On the other hand, the lower support line has consistently provided a base for price rebounds, with Bitcoin finding support in the $64,000-$65,000 range. These levels are crucial as they define the boundaries of Bitcoin&#39;s current trading range.<a href="https://cryptotale.org/analyst-predicts-btc-breakout-to-100k-if-70k-breached/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Analyst Predicts BTC Breakout to $100k if $70k Breached

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