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Can BTCUSD Hit the $45,000 Mark? Here’s a Bitcoin Price Analysis…
Bitcoin prices are on the verge of a huge move if the pattern on the daily chart is anything to go by. A look at the daily chart of the BTCUSD pairing shows what appears to be price trading within a huge triangle. In reality, this is a bullish pennant, and the price is now testing the upper border of this pennant. A pennant usually resolves in the direction of the trend that preceded the pennant consolidation area. For Bitcoin prices, this points to a move higher if the breakout follows the pattern’s expected resolution. With a pole that is nearly $9,000 in length, a bullish break could see Bitcoin prices aiming ... (full story)
