After experience Bärische declines and volatilityBitcoin (BTC) finally looks bullish, with a crypto analyst forecast An outbreak to a new all-time high destination. After the analyst had identified a mug and a pattern in Bitcoin diagram, he announced to investors and dealers who may now be able Time to buy BTC.
Bitcoin price aims at new all-time highs
In a detailed Bitcoin price diagram, Cobravuard, a trading view crypto -analyst, emphasizes Formation of a textbook cup and action pattern. This technical pattern is a well -known bullish continuation indicator that signals that a dynamic may build up and that Bitcoin may be standing on it Support a strong price rally.
Interestingly, the diagram also shows other important technical indicators. A Rising triangle patternFounded by a flat upper resistance line and an increasing lower trend line, was found. This technical pattern is another bullish education that often occurs in front of a rally and signals increased purchase pressure.
Cobravuard speaks of the pressure to buy and shows that the origin of two Bullic technical patterns On the Bitcoin diagram can be an indication of purchase and Hodl. With the price of less than $ 100,000 and currently at 95,806 USD, an upcoming price rally would mean that the most optimal time for entry into the market may now be.
Based on these patterns, the trading view -analyst A set A New goal for Bitcoin. He predicts that the Pioneer cryptocurrency will reach $ 120,000 in the coming weeks. This would mark a new all -time high, Express earlier market tips Received at the beginning of this year.
Remarkably remarkably, Cobravuard also identified one AB = CD harmonious pattern On the table in addition to a cup and a pattern of action and rising triangular pattern. This AB = CD indicator suggests a symmetry in the Bitcoin price movements And signals a measured movement on the head as soon as the pattern is complete.
Although the trading view analyst predicts that the asset could achieve $ 120,000, it emphasizes that a higher goal of 124,619 US dollars could be achieved if its outbreak from the above bullish pattern stops.
The whales go to massive BTC -Kauf -Spree
The Bitcoin purchase print remainsas the whales snap as much BTC as possible during the current downward trend. These deep investors are known to make strategic purchases, to go onto the market in volatile and falling periods and then sell them on market tips.
For new Report From Coinvo to X (formerly Twitter), Bitcoin whales currently buy “a crazy” amount of BTC. With a detailed diagram with the tributaries from Bitcoin to battery addresses, Coinvo shows a strong increase in inflows, which indicates that whale BTC is actively buying in large quantities.
This behavior is often observed before potential prices, since the accumulation increases the demand higher. As a result, Coinvo stated that the Increased whale activity Can be a sign of buying BTC.
Selected picture of Unsplash, diagram of tradingview.com