bullish

2024

Bitcoin

Dogecoin

<p><a href="https://captainaltcoin.com/when-bitcoin-price-broke-60k-this-crypto-whale-bought-more-btc/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> has shown promising signs of a potential breakout, as outlined by ZAYKCharts in their latest analysis. According to the chart shared, Bitcoin is forming a Bullish Flag pattern on the 3-day timeframe, indicating a continuation of its current upward trend.&nbsp;</p>
<p>Alongside this technical analysis, Wise Advice, a market analyst, discussed the broader economic outlook and its potential effects on the crypto market, offering a cautious yet optimistic view of the near future.</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="noopener noreferrer nofollow">$BTC</a> Bullish Flag Formation in 3D Timeframe<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>When a breakout happens,Next Target will be $80K<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://twitter.com/hashtag/BTCUSDT?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTCUSDT</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://t.co/ViDDFVh23o" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/ViDDFVh23o</a></p>— ZAYK Charts (@ZAYKCharts) <a href="https://twitter.com/ZAYKCharts/status/1836282254185894059?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 18, 2024</a>
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<h2 class="wp-block-heading" id="strong-btc-s-pattern-signals-upward-potential-strong"><strong>BTC’s Pattern Signals Upward Potential</strong></h2>
<p>Following a consolidation phase, the BTC chart by ZAYK shows a bullish flag formation—a pattern indicating an upswing. With traders looking for a likely move upward once a breakout happens, <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s price</a> has been swinging about two trendlines, creating the shape of the flag.</p>
<p>Lower highs and higher lows define the phase in the flag pattern, therefore showing a decrease in volatility as the price compresses between the trendlines.&nbsp;</p>
<p>With the setup implying an impending breakout, ZAYKCharts notes that this squeeze in price action is generally a forerunner of a movement. Should Bitcoin pass the upper trendline of the flag, it would verify the ongoing positive momentum of the currency.</p>
<p>A&nbsp; breakout from this formation might drive Bitcoin toward a target of $80k, in line with the expected movement based on the length of the first rally, according to ZAYKCharts.</p>
<h2 class="wp-block-heading" id="strong-key-economic-insights-from-wise-advice-strong"><strong>Key Economic Insights from Wise Advice</strong></h2>
<p>Adding to the technical analysis, Wise Advice shared insights on the broader market conditions that could influence <a href="https://u.today/bitcoin-to-skyrocket-after-fed-rate-cut-anthony-scaramucci-makes-epic-btc-prediction" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s price trajectory</a>. Wise Advice highlighted a growing probability of a 50 basis points interest rate cut by the FED, with a 65% likelihood according to market predictions.&nbsp;</p>
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   <p lang="en" dir="ltr">𝐂𝐫𝐲𝐩𝐭𝐨 𝐇𝐨𝐥𝐝𝐞𝐫𝐬 𝐏𝐚𝐲 𝐀𝐭𝐭𝐞𝐧𝐭𝐢𝐨𝐧 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f631.png" alt="😱" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>The market is predicting a 65% probability of a 50 BPS rate cut. <br><br>Since the 1980s, the <a href="https://twitter.com/hashtag/FED?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#FED</a> has usually preferred a 25 BPS rate cut to start the rate cut cycle.<br><br>There were only 2 instances where the first rate cut was… <a href="https://t.co/DIZ0GEiiA4" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/DIZ0GEiiA4</a></p>— Wise Advice (@wiseadvicesumit) <a href="https://twitter.com/wiseadvicesumit/status/1836282274473779359?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 18, 2024</a>
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<p>Historically, the FED has initiated rate cut cycles with smaller 25 BPS reductions, except in times of major economic crises like the 2001 dot-com bubble and the 2007 financial crisis.</p>
<p>Wise Advice emphasized that if the FED delays a recession through quantitative easing and rate cuts, the cryptocurrency market could experience a strong bullish cycle. However, if a recession triggers as early as Q1 next year, it could negatively impact the entire market, including Bitcoin.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/dot-price-prediction-will-polkadot-ever-hit-10-with-its-market-cap/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>DOT Price Prediction – Will Polkadot Ever Hit $10 With Its Market Cap</em></strong><br></a></p>
<h2 class="wp-block-heading" id="strong-bitcoin-s-future-bullish-or-bearish-strong"><strong>Bitcoin’s Future: Bullish or Bearish?</strong></h2>
<p>While the Bullish Flag pattern on Bitcoin’s chart signals a potential breakout, Wise Advice’s macroeconomic analysis provides a broader context for understanding market sentiment. Bitcoin’s price is likely to remain highly reactive to FED decisions, especially concerning rate cuts and economic stimulus measures.</p>
<p>Both ZAYKCharts and Wise Advice point toward volatility soon, with the outcome of Bitcoin’s next move heavily influenced by both technical patterns and macroeconomic conditions. The $80K target remains contingent on Bitcoin breaking the $40K resistance, but a recession could derail this bullish scenario.</p>
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<p>The post <a href="https://captainaltcoin.com/this-bitcoin-pattern-signals-80k-is-the-next-target-for-btc-price/" rel="noopener noreferrer nofollow">This Bitcoin Pattern Signals $80K Is The Next Target for BTC Price</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

This Bitcoin Pattern Signals $80K Is The Next Target for BTC Price

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