Bitcoin price will see breakout ‘during this week’ says trader with $38K target
Michaël van de Poppe believes that upside is in store for BTC/USD in the coming days despite nervousness about Grayscale. Bitcoin (BTC) closed beneath a key moving average for the eighth week in a row this weekend, but one analyst is betting on an imminent breakout.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin balances breakout with Grayscale worriesData from Cointelegraph Markets Pro and TradingView tracked Bitcoin as it reversed weekend gains on Monday after a disappointing weekly close.The largest cryptocurrency had maintained its familiar trading range with $33,000....
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Crypto analyst Trader Tardigrade has revealed a bullish pattern that has formed on the Bitcoin chart. Based on this, the analyst explained how the Bitcoin price could rally to as high as $113,000. Bitcoin Bullish Pennant Could Send Price To $113,000 In an X post, Trader Tardigrade mentioned a bullish pennant that had formed on the Bitcoin chart. The analyst remarked that the BTC price is still preparing for the next pump with this bullish pattern. A bullish pennant indicates the continuation of an uptrend following a brief consolidation period. Related Reading: XRP Price Rockets Past....
After its breakout, SUI has been consolidating within a key range and has faced momentary resistance above the $4.00 level. Some analysts suggest that the cryptocurrency’s next target sits near the $5.00 mark, as it could be repeating its all-time high (ATH) rally. Related Reading: Solana Rejected From Key ‘Inflection Point’, But Multi-Year Trend Suggests New Highs SUI Party On Pause SUI has seen an impressive 120% recovery from April’s $1.76 low, reclaiming the $2.00 and $3.00 barriers in the past few weeks. The cryptocurrency has surged 85% in the last month despite its recent token....
XRP’s market momentum accelerated this week as the cryptocurrency hit a key bullish target identified by a prominent trader, reinforcing growing confidence across the community. Related Reading: Will The Low XRP Price Force Ripple To Dump Its Holdings? Exec Answers Community The surge comes amid a wave of institutional inflows, multiple ETF launches, expanding utility, and renewed optimism from analysts who believe XRP is entering a powerful new phase of market participation. XRP's price trends to the downside on the daily chart. Source: XRPUSD on Tradingview Technical Breakout: Bull Flag....
Ether is forming classic bullish patterns against the greenback and its top crypto rival on shorter-timeframe charts. Ethereum's native token, Ether (ETH), looks ready to grow stronger compared to the U.S. dollar and Bitcoin (BTC) in the days leading up to its proof-of-stake transition in September.ETH price chart bullish setupThe bullish outlook emerges from classic technical indicators on ETH/USD and ETH/BTC charts. For instance, ETH/USD has been forming a "falling wedge" pattern with a profit target sitting around 30% above the current prices. Meanwhile, the ETH/BTC chart is painting a....
Dogecoin is making waves once again, with bulls stepping up after a key trendline breakout that could ignite a fresh rally. Following a period of sideways movement, the momentum has shifted in favor of buyers, who now have their sights set on the $0.1293 target. This breakout could mark the beginning of a significant uptrend, […]