2024

Bitcoin

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 <p class="paragraph">Although many assets in the cryptocurrency sphere are starting to slow down their bullish gains, including Bitcoin (BTC), the flagship decentralized finance (DeFi) asset is flashing some massively optimistic signs that suggest the possibility of an <a rel="noopener noreferrer nofollow" title="explosive" href="https://thebittimes.com/tag/explosive.html">explosive</a> comeback.</p>
 <p class="paragraph">As it happens, the maiden crypto asset is showing a bullish pennant on its four-hour <a rel="noopener noreferrer nofollow" title="chart" href="https://thebittimes.com/tag/chart.html">chart</a>, following a <a rel="noopener noreferrer nofollow" title="surge" href="https://thebittimes.com/tag/surge.html">surge</a> that marked its first flagpole, and suggesting the second flagpole “could spike real fast” in a bullish moment, according to the observations by crypto analyst <em>Trader Tardigrade </em>on March 12.</p>
 <figure class="wp-block-image"><img decoding="async" width="837" height="900" src="https://cdn.thebittimes.com/images/2024/03/12/e2a950d42c029ceec92d6a3dde7e0821.webp" alt class="wp-image-160532" srcset="https://cdn.thebittimes.com/images/2024/03/12/e2a950d42c029ceec92d6a3dde7e0821.webp 837w, https://cdn.thebittimes.com/images/2024/03/12/e2a950d42c029ceec92d6a3dde7e0821.webp 279w, https://cdn.thebittimes.com/images/2024/03/12/e2a950d42c029ceec92d6a3dde7e0821.webp 768w" sizes="(max-width: 837px) 100vw, 837px">
  <figcaption class="wp-element-caption"><em>Bitcoin H4 bullish pennant. Source: </em><em>Trader Tardigrade</em>
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 <p class="paragraph">Indeed, the expert has identified a continuation <a rel="noopener noreferrer nofollow" title="chart" href="https://thebittimes.com/tag/chart.html">chart</a> pattern represented by two trendlines that will eventually meet and which formed after Bitcoin experienced a strong upward movement followed by consolidation before the trend continues in the same, upward direction.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <h2 class="wp-block-heading" id="h-bitcoin-<a rel=" dofollow title="bulls" href="https://thebittimes.com/tag/bulls.html" rel="noopener noreferrer nofollow">bulls-vs-bears"&gt;Bitcoin <a rel="noopener noreferrer nofollow" title="bulls" href="https://thebittimes.com/tag/bulls.html">bulls</a> vs. bears</h2>
 <p class="paragraph">At the same time, another crypto market specialist, known as <em>CryptoJelleNL </em>on social media platform X, has also highlighted two bullish megaphones as having played out already, with the possibility of another one targeting $180,000 by the year’s end, as per the <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> on March 12.</p>
 <figure class="wp-block-image"><img decoding="async" width="900" height="519" src="https://cdn.thebittimes.com/images/2024/03/12/6ab06b60804a2e1f447fb9354219e9cb.webp" alt class="wp-image-160530" srcset="https://cdn.thebittimes.com/images/2024/03/12/6ab06b60804a2e1f447fb9354219e9cb.webp 900w, https://cdn.thebittimes.com/images/2024/03/12/6ab06b60804a2e1f447fb9354219e9cb.webp 300w, https://cdn.thebittimes.com/images/2024/03/12/6ab06b60804a2e1f447fb9354219e9cb.webp 768w" sizes="(max-width: 900px) 100vw, 900px">
  <figcaption class="wp-element-caption"><em>Bitcoin chart pattern analysis. Source: </em><em>CryptoJelleNL</em>
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 </figure>
 <p class="paragraph">That said, it is also important to note that crypto trading expert Ali Martinez posted a sell-off alert for Bitcoin, stressing that the whales have started taking profits from their positions by “increasingly cashing out” as the number of crypto wallets holding at least 1,000 BTC dropped 4.83% in the last two weeks.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2024/03/12/6a885a8bc4fb561923075b1eb950b5bc.webp" alt class="wp-image-160531" srcset="https://cdn.thebittimes.com/images/2024/03/12/6a885a8bc4fb561923075b1eb950b5bc.webp 1024w, https://cdn.thebittimes.com/images/2024/03/12/6a885a8bc4fb561923075b1eb950b5bc.webp 300w, https://cdn.thebittimes.com/images/2024/03/12/6a885a8bc4fb561923075b1eb950b5bc.webp 768w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>Addresses holding at least 1,000 BTC. Source: </em><em>Ali Martinez</em>
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 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2>
 <p class="paragraph">Meanwhile, Bitcoin is trading at $71,810, which indicates a decline of 0.87% on its daily chart, whereas across the previous week, it has gained 4.45%, adding up to the monthly advance of 48.88%, according to the most recent information retrieved by Finbold on March 12.</p>
 <figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="612" src="https://cdn.thebittimes.com/images/2024/03/12/693a25604d30bc13cd10b3d652c37594.webp" alt class="wp-image-160534" srcset="https://cdn.thebittimes.com/images/2024/03/12/693a25604d30bc13cd10b3d652c37594.webp 750w, https://cdn.thebittimes.com/images/2024/03/12/693a25604d30bc13cd10b3d652c37594.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption"><em>Bitcoin 7-day price chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">All things considered, Bitcoin could be in for even stronger gains in the following weeks and months, particularly as its halving event approaches and after it happens. However, considering the rate at which whales are selling, one should take any prognoses with a grain of salt.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.&nbsp;</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-bulls-erupt-as-chart-teases-explosive-surge-tbt82353.html">https://thebittimes.com/bitcoin-bulls-erupt-as-chart-teases-explosive-surge-tbt82353.html</a></p>

Bitcoin bulls erupt as chart teases explosive surge

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