Bitcoin Is Forming A Symmetrical Triangle – Can BTC Reclaim $100K?
Bitcoin delighted investors with a Christmas Eve surge, climbing from $92,300 to an intraday high of $99,400. The swift rally has reignited bullish sentiment as the price successfully held a critical demand level, signaling strength and positioning BTC to challenge the psychological $100,000 milestone. Market participants are now closely watching Bitcoin’s next move, anticipating continued momentum in the coming days. Related Reading: XRP Whales Keep Buying – Data Reveals Smart Money Prepares For A Rally Top analyst Carl Runefelt shared a compelling technical analysis on X, highlighting....
Related News
COIN stock can rally to $160 by the end of the year, a mix of technical and fundamental indicators suggest. Coinbase stock (COIN) price has nearly doubled since its June lows with a potential for much more upside this year, according to a mix of technical and fundamental indicators.COIN's symmetrical triangle reversalCOIN has been undergoing a strong bullish reversal after falling by almost 90% from its record high of $368.90 in November 2021.Coinbase stock price was up over 95% to $75.27 as of July 20's close when measured from its May 12 local bottom of $40.83. Its recovery led to a....
An analyst has pointed out how a 78% price move could be coming for Pepe based on a technical analysis (TA) pattern forming in its daily chart. PEPE Is Approaching The End Of A Symmetrical Triangle In a new post on X, analyst Ali Martinez has shared a TA pattern forming in the 1-day price of Pepe. The pattern in question is a “Symmetrical Triangle,” which forms when an asset observes consolidation between two trendlines approaching each other at a roughly equal and opposite slope. The upper line of the pattern acts as a resistance barrier, while the lower one provides support.....
An analyst has pointed out how XRP could be targeting a breakout toward $15 if this pattern forming in its 1-week price chart is real. XRP May Have Broken Out Of A Symmetrial Triangle In a new post on X, analyst Ali Martinez has discussed about a long-term consolidation pattern that XRP may have been traveling inside until recently. The formation in question is a Symmetrical Triangle from technical analysis (TA), which, as its name suggests, is shaped like a triangle. The pattern involves two trendlines within which the price consolidates, with a core feature being that these two levels....
The XRP price performance has been one of the bright spots in the cryptocurrency market over the past seven days. With the crypto climate becoming more uncertain with each passing day, the XRP token has been the only large-cap asset exhibiting some level of relative stability. While the altcoin has been moving mostly sideways in recent weeks, the current speculation is that the price of XRP could be on its way to a bullish breakout. The question is — how far can the third-largest cryptocurrency in its next leg up? Can XRP Reclaim $3 In Next Move? In a March 7 post on the social media....
A cryptocurrency analyst has explained how Toncoin could be awaiting a 50% price move, based on a technical analysis (TA) pattern. Toncoin Is Coiling Inside A Symmetrical Triangle In a new post on X, analyst Ali Martinez has shared a TA pattern forming in the daily price chart of Toncoin. The formation in question is a triangle, which forms when an asset’s price consolidates between two converging trendlines. Related Reading: Bitcoin Finds Support At Short-Term Holder Cost Basis, But For How Long? Triangles can be classified into a few different types based on the slope of their....