bitcoinpriceprediction Ideas

Bitcoin's Ascending Triangle Formation Bitcoin is currently consolidating near its all-time highs within an ascending triangle pattern. Historically, Bitcoin has tended to break below the ascending triangle formation, resulting in the liquidation of leveraged positions. Following this, the price of Bitcoin usually experiences a period of sideways movement before resuming its upward trajectory. This prolonged the duration of the ascending triangle pattern by approximately double. Potential Breakout Ahead While a similar scenario to the historical pattern could unfold, there is speculation of an earlier breakout this time around. The entrance of ETFs and institutional investors into the market has shifted the dynamics. Many...