Bitcoin

<ul><li>Bitcoin’s ascending triangle pattern hints at a potential bull run if it breaks above $66,658 resistance.</li><li>Current support trendline around $30,000 highlights strong bullish momentum for Bitcoin&#39;s price.</li><li>Short-term target of $100,000 and long-term goal of $170,000 are based on technical patterns and market sentiment.</li></ul><a href="https://cryptotale.org/the-65k-support-is-cushioning-bitcoin-can-btc-bounce-till-68100/" rel="noopener noreferrer nofollow">Bitcoin&#39;s </a>current trajectory is capturing significant attention in the cryptocurrency market. At a price of <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">$66,893.34</a> at press time, Bitcoin finds itself at a pivotal juncture. The cryptocurrency recently experienced a 3.80% drop in the last 24 hours, a movement that might appear unsettling but is a part of the broader market dynamics.As highlighted by <a href="https://x.com/CryptoFaibik/status/1818152860951192054" rel="noopener noreferrer nofollow">Captain Faibik</a>, an analyst, this volatility comes alongside an intriguing technical setup as Bitcoin is poised within an ascending triangle pattern on the monthly timeframe. This pattern is a classic bullish signal, suggesting that Bitcoin may soon embark on a significant upward trend.<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeXqlvjsM5PEf-NpAKeLS3ZGQIwJRTfecvZ98xfqvC7Y6C1ZkMxwPRGDBREnj6CW0YvvUQ5S4a_2LSTotu_6AXRjL3IYJ3LQvXw5s3p-cYZba3ozbgi4BoPBRARbzzZGIIQr_EiRKYH5j3Kb1V-vWedd0o?key&#61;5sorze3dPMNzWca4s2Np6w" />The ascending triangle pattern is characterized by a horizontal resistance level and an upward-sloping support trendline. For Bitcoin, this resistance is clearly marked around $66,658. The price has tested this level multiple times without a definitive breakout, indicating strong resistance. However, the persistent higher lows suggest growing bullish momentum. Hence, a breakout above this resistance could signal the beginning of a major bull run.<a href="https://cryptotale.org/bitcoins-ascending-triangle-signals-potential-surge-heres-why-100k-is-next/" 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>|

Bitcoin's Ascending Triangle Signals Potential Surge: Here's Why $100K is Next

CryptoTale

Altri articoli pubblicati su 31 lug 2024

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