Bitcoin (BTC) Price Prediction: BTC Bulls Prepare to Trigger a 190% Upswing to Mark a New ATH-web3.0-php.cn

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Bitcoin (BTC) Price Prediction: BTC Bulls Prepare to Trigger a 190% Upswing to Mark a New ATH

王林

Aug 06, 2024 am 12:54 AM

bitcoin000 BTC Price $50 $47885

Bitcoin is trading within a typical breakout play from a range-bound environment, which has occurred before and had a positive outcome

Bitcoin (BTC) Price Prediction: BTC Bulls Prepare to Trigger a 190% Upswing to Mark a New ATH

Bitcoin price analysis suggests a breakout play from a range-bound environment.

Rising possibility of a US recession has put crypto markets under pressure.

Bitcoin price dropped below $50,000, hinting at further drop to $45,000.

Bitcoin price is observed to be forming a pattern similar to that seen in the past.

During the COVID-19 crash, Bitcoin prices dropped below the support of the broadening wedge.

However, a rebound occurred, transforming the bearish market into a bullish one.

Bitcoin price dropped below the crucial support of the Bollinger bands.

The price has never dropped below the lower bands of the Bollinger in recent times.

Volume has risen heavily and may settle in the coming days.

The RSI dropped below the lower threshold, heading towards 20 or below.

A trade that occurred in August 2023 saw a consolidation followed by a 190% upswing.

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