Bitcoin Forming Technical Setup That Previously Resulted in Bullish Reversals, According to Analyst

Bitcoin (BTC) on Cusp of a Breakout After Defeating Downtrend, According to Crypto Analyst

Widely followed crypto analyst Rekt Capital says that Bitcoin (BTC) is right on the edge of a breakout based on classic technical analysis. The pseudonymous analyst tells his 543,000 followers on the social media platform X that BTC is in the midst of confirming a breakout after finally closing above a downward resistance line. Says the trader, “Bitcoin is on the cusp of a breakout. Mere hours away from performing the initial but crucial steps t…

Analyst Says Bitcoin (BTC) Could Hit $137,000. Here's Why

Bitcoin may be poised for a monumental breakout to $137,000, according to prominent market analyst Titan of Crypto, who identified a bull pennant formation on BTC’s daily chart. This classic technical pattern, which typically forms after a strong upward move, is widely recognized as a bullish continuation signal. In Titan’s analysis, the structure suggests that Bitcoin could be gearing up for its next explosive rally—one that could defy current …

Two Analysts Said, “The First Sign of the Decline of Bearishness in Bitcoin”, Shared What They Expect Next and Important Price Levels

Cryptocurrency analyst Ali Martinez shared his new views, including his latest predictions about the market. According to Martinez, Bitcoin (BTC) price could currently be forming a rising wedge formation and seems to be signaling a retest of the $79,000 level. At the time of writing, BTC is trading...

Bitcoin Technical Analysis Report

Bitcoin staged an impressive recovery this week, surging over 7% and signaling strong accumulation at lower levels. On April 12, BTC decisively broke above the key resistance trendline, suggesting that the recent correction could be nearing its end. While bears may attempt to drag the price back below the 20-day Exponential Moving Average (currently around $82,885), bulls seem prepared to defend this level aggressively. A successful retest and b…

Bitcoin nears breakout, enters technical uptrend: analyst

Bitcoin appears ready for a technical breakout from its multi-month downtrend after pumping from its weekly low of $74,773 to below $84,000 at last check on Sunday. Crypto analyst Rekt Capital tweeted that Bitcoin (BTC) is “mere hours away from…

Bitcoin Forming Technical Setup That Previously Resulted in Bullish Reversals, According to Analyst - The Daily Hodl

Widely followed crypto analyst Rekt Capital says that Bitcoin (BTC) is displaying textbook pre-rally behavior as technical indicators and price action flash green. The pseudonymous analyst tells his 543,000 followers on the social media platform X that BTC is showing bullish divergence with the relative strength index (RSI). A bullish divergence happens when a momentum-focused indicator like the RSI trends higher while price goes lower or sidewa…