Close Menu
  • Home
  • Crypto News
  • Tech News
  • Gadgets
  • NFT’s
  • Luxury Goods
  • Gold News
  • Cat Videos
What's Hot

Best New iPad Apps of 2025

May 9, 2025

This New Cryptocurrency Could Outperform XRP and MATIC — Best Crypto to Buy Before June?

May 9, 2025

What we learned from the FTC v. Meta antitrust trial (so far)

May 9, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
KittyBNK
  • Home
  • Crypto News
  • Tech News
  • Gadgets
  • NFT’s
  • Luxury Goods
  • Gold News
  • Cat Videos
KittyBNK
Home » Massive Breakout on the Horizon? Watch This Key Pattern!
Crypto News

Massive Breakout on the Horizon? Watch This Key Pattern!

August 13, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Massive Breakout on the Horizon? Watch This Key Pattern!
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin is currently displaying a symmetrical triangle pattern on lower time frames. What this indicates is a potential for a significant price move. At present, Bitcoin is trading at $58,981.14. But, recent data shows mixed signals for its short-term trajectory. 

Recent Bitcoin Price Trends 

Over the past seven days, Bitcoin has risen by 6.4%, including a modest 0.6% increase in the last 24 hours and a 0.2% rise in the past hour. However, these gains follow a sharp decline earlier in August 2024. 

Bitcoin Chart Analysis: Volatile Start in August 

Bitcoin began August at $65,276 but quickly experienced a steep drop, falling to $53,984 between August 2nd and 5th. This decline was followed by a brief surge on August 8th, when strong buying pressure pushed the price from $55,113 to $61,706 in a single day. Unfortunately, this momentum was short-lived, as Bitcoin fell back below the $60,000 mark by August 11th, where it has remained. 

Bitcoin 4-hour Chart Analysis: Symmetrical Triangle Pattern Emerges 

In the 4-hour Bitcoin chart, a symmetrical triangle pattern has formed, suggesting a potential breakout. The price dropped from $69,542 on July 29th to $51,365 by August 5th before buyers reentered the market, pushing the price up to $61,674 on August 9th. Since then, Bitcoin has been trading sideways, fluctuating between $61,710 and $58,505.

Massive Breakout on the Horizon? Watch This Key Pattern!

Bitcoin’s current symmetrical triangle pattern hints at a possible breakout. Traders should watch the $59,000 – $59,530 range closely, as a substantial close outside this range could trigger a significant price move, as per an expert identified as Ali Martinez in X. 

Also Read: Markets Could Remain Highly Volatile: Here are the Cryptos to Monitor This Week

Credit: Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

This New Cryptocurrency Could Outperform XRP and MATIC — Best Crypto to Buy Before June?

May 9, 2025

Bitcoin Solaris Challenges Dogecoin’s Market Position with Practical Utility Focus

May 9, 2025

Dogecoin To The Moon? Top Memecoin Eyes 1 After 14% Surge

May 9, 2025

SEC’s Caroline Crenshaw Slams Ripple vs SEC Settlement, Says ‘This Isn’t a Settlement I Can Support’

May 9, 2025
Add A Comment
Leave A Reply Cancel Reply

What's New Here!

Over 30 Investors Bet Big on This Token with 1+ ETH Each in Presale Stage 1

April 5, 2024

SHIB made many millionaires in 2020; experts believe O2T will too

April 26, 2024

FiiO reboots the old-school portable CD player, minus the AA batteries

July 18, 2024

South Coast Boat show kicks off for its fifth year running

April 19, 2024

Funny animals will make you laugh to tears 😂

September 29, 2024
Facebook X (Twitter) Instagram Telegram
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA
© 2025 kittybnk.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.