[Bitcoin (BTC) Weekly Chart Pattern Signals Possible Breakout to $40,000]
Cryptocurrency analyst “Carl from the Moon” has spotted a bull flag pattern on Bitcoin’s weekly chart, which could signal a rise to $40,000.
He noted that the bullish pattern consisted of a rally followed by a brief pullback, indicating that the market remains supportive even amid heavy selling and shorting activity. As time goes on, prices may break out of the uptrend, triggering a new uptrend.
As for Bitcoin’s current price, it edged up 0.29% over the past 24 hours to $27,683. During the week, it hit a high of $28,109.
Negentropic, co-founder of Glassnode, emphasized that although Bitcoin had an amazing rise in early October, a major decline is unlikely at this stage.
Data from Santiment also showed Bitcoin's trading volume rose sharply after it topped $28,400, the biggest increase since mid-August.
#鴉快訊 $BTC
Cryptocurrency analyst “Carl from the Moon” has spotted a bull flag pattern on Bitcoin’s weekly chart, which could signal a rise to $40,000.
He noted that the bullish pattern consisted of a rally followed by a brief pullback, indicating that the market remains supportive even amid heavy selling and shorting activity. As time goes on, prices may break out of the uptrend, triggering a new uptrend.
As for Bitcoin’s current price, it edged up 0.29% over the past 24 hours to $27,683. During the week, it hit a high of $28,109.
Negentropic, co-founder of Glassnode, emphasized that although Bitcoin had an amazing rise in early October, a major decline is unlikely at this stage.
Data from Santiment also showed Bitcoin's trading volume rose sharply after it topped $28,400, the biggest increase since mid-August.
#鴉快訊 $BTC
