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<p>According to a prominent Bitcoin analyst known as World Of Charts (@WorldOfCharts1), the world’s largest cryptocurrency is poised for a significant rally, potentially reaching new all-time highs. In a recent tweet, the analyst shared a technical analysis chart that highlights the remaining obstacles Bitcoin (BTC) needs to overcome before reaching unprecedented price levels.</p>
<p><strong>Breaking the Falling Wedge Pattern</strong></p>
<p>World Of Charts revealed that Bitcoin has recently broken out of a falling wedge pattern, a bullish technical formation that often signals a trend reversal. The analyst suggests that if Bitcoin successfully retests the broken wedge resistance, it could pave the way for a move towards the $67,000 to $68,000 range.</p>
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<p><strong><em>Also Read: <a href="https://captainaltcoin.com/akash-network-akt-price-analysis-is-5-4-the-next-target-for-this-ai-crypto-key-indicators-and-levels-to-watch/" target="_blank" rel="noopener noreferrer nofollow">Akash Network (AKT) Price Analysis: Is $5.4 the Next Target for This AI Crypto? Key Indicators and Levels to Watch</a></em></strong></p>
<p><strong>Crucial Resistance at Descending Trendline</strong></p>
<p>However, the journey to new all-time highs is not without its challenges. According to the analyst, once Bitcoin reaches the $67,000 to $68,000 area, it will face another crucial resistance level in the form of a descending trendline. This trendline has acted as a significant barrier, preventing Bitcoin from breaking out to higher price levels in the past.</p>
<p>If Bitcoin manages to clear the descending trendline successfully, World Of Charts believes that the path to a new all-time high would be wide open. The analyst’s analysis suggests that overcoming these two remaining resistance levels could potentially unleash a bullish momentum that propels Bitcoin to unprecedented price heights.</p>
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<p>The post <a href="https://captainaltcoin.com/top-bitcoin-analyst-outlines-clear-path-for-btc-to-reach-new-all-time-high-only-two-resistances-remain/" rel="noopener noreferrer nofollow">Top Bitcoin Analyst Outlines Clear Path for BTC to Reach New All-Time High: Only Two Resistances Remain</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Top Bitcoin Analyst Outlines Clear Path for BTC to Reach New All-Time High: Only Two Resistances Remain

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Ďalšie články zverejnené 20. 6. 2024

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