US EditionBitcoin To Rally To $144_000 As Bull Flag Pattern Forms – Analyst
- Bitcoin currently trades near $107,457 and is poised for a potential breakout above $108,100 that could trigger a strong rally.
- This momentum follows a false breakout above $100,000 and a subsequent compression phase that built a bullish flag pattern since April 2024.
- Analysts identify significant resistance near $108,100, with further hurdles at $108,900, $110,400, and $114,000, driven by over $45 billion in inflows to spot bitcoin ETFs and improving financial market conditions.
- Market strategist Ed Campbell noted that surpassing the critical $114,000 resistance level is essential to trigger strong upward momentum, potentially leading to a 25% increase in Bitcoin’s price to around $143,000.
- If Bitcoin breaks above resistance, it may extend gains well into the year's second half, though short-term pullbacks near $105,650 remain possible amid rate cut expectations.
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Bitcoin needs to clear this key technical resistance level to open the door to a 25% rally, strategist says
Hannes P Albert/picture alliance via Getty ImagesBitcoin topping a key resistance level of $114,000 would open a door to a bigger rally, a strategist said on Monday. If it clears that hurdle, bitcoin could go on to rally as high as $143,000. The token has several tailwinds that could boost its performance, strategist Ed Campbell said. Bitcoin jumping above a key technical threshold would open a path to a much larger rally ahead, according to a m…
Bitcoin To Rally To $144_000 As Bull Flag Pattern Forms – Analyst
Bitcoin prices are currently hovering above $107,000 following a bullish trading week during which the premier cryptocurrency gained by 4.89%. Interestingly, this recent price rally has translated into a 1.06% gain on the monthly chart suggesting a hinting at a gradual shift in market control back to the bulls after several weeks of descending consolidation. Notably, renowned market analyst with
Bitcoin To Rally To $144,000 As Bull Flag Pattern Forms – Analyst - Coin Surges
Bitcoin prices are currently hovering above $107,000 following a bullish trading week during which the premier cryptocurrency gained by 4.89%. Interestingly, this recent price rally has translated into a 1.06% gain on the monthly chart suggesting a hinting at a gradual shift in market control back to the bulls after several weeks of descending consolidation. Notably, renowned market analyst with pseudonym Merlijn The Trader backs this emerging b…
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Bitcoin InsiderBitcoin To Rally To $144,000 As Bull Flag Pattern Forms – Analyst
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin prices are currently hovering above $107,000 following a bullish trading week during which the premier cryptocurrency gained by 4.89%. Interestingly, this recent price rally has translated into a 1.06% gain on the monthly chart suggesting a hinting at a gradual shift... The post Bitcoin To Rally To $144,000 As Bull Flag Pattern Forms – Ana…
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