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Is Bitcoin repeating its 2020 breakout? Here’s why $92.5K might be the next target

From cointelegraph.com

Bitcoin price looks ready to rally toward or above $90,000 in the coming weeks due to a mix of supportive technical, on-chain, and fundamental indicators. BTC price bull pennant taking shape BTC's price entered a phase of consolidation, moving sideways within a triangular formation resembling a bull pennant, after achieving a new all-time high of $69,210. Notably, traditional analysts see bull pennants as bullish continuation patterns that could increase prices as much as the previous uptrend’s height. This breakout typically accompanies an increase in trading volume. Bitcoin’s chances of a breakout are currently ... (full story)

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  • Category: Technical Analysis