Ready To Strike? Bitcoin Poised For A Big Move After Major Consolidation

in #news • 3 months ago

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Bitcoin (BTC) is anticipated to breakout from its lengthy consolidation phase, currently at a record 87 days. Prominent analysts, including Faibik and Mags, suggest that this phase might end soon with a significant price surge. Faibik identifies a technical pattern called the Descending Broadening Wedge on the daily chart, indicating a potential bullish breakout if BTC surpasses the $71,000 resistance level. Another analyst, Mags, compares the current phase to a butterfly's metamorphosis, signaling a significant price movement could be on the horizon. Both analysts agree that a breakout past the $71,300 resistance level could trigger a major bullish trend for Bitcoin.

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http://www.newsbtc.com/news/ready-to-strike-bitcoin-poised-for-a-big-move-after-major-consolidation/

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3 months ago in #news by
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