That figure was shared by Keith Alan, co-founder of trading resource Material Indicators, as part of the breakout from a so-called cup-and-handle pattern on the Bitcoin weekly chart.

Brandt's Symmetrical Chart Pattern The accompanying daily chart confirms Bitcoin's range-bound movement. For context, the price has consistently oscillated between highs of around $106,000 and ...

Bitcoin (BTC) daily price chart shows signs of recovery in the largest cryptocurrency. Strategy, one of the largest corporate holders of Bitcoin, acquired another 130 BTC last week, according to ...

Bitcoin price needed to rise above the $98,000 level, indicated by the orange line in the chart below, to confirm an upside breakout. If this doesn’t happen, the consolidation might break on the ...

“Whether this develops into a bull trap or a bonafide breakout remains to be seen ... the market as “looking good overall.” BTC/USDT 12-hour chart. Source: CRG/X Optimistic, too, was ...

BTC's weekly chart: Breakout and retest play. (CoinDesk/Omkar) BTC has dropped over 15% to under $80,000 this month, exposing the former resistance-turned-support at $73,757. Prices broke above ...

This shift in the macro backdrop could aid a breakout and Bitcoin's next leg higher. The USD fell 1.2% last week, and other risk assets, such as US equity indices, trade around record highs.

A technical analysis pattern hinting at bull reversal has appeared on bitcoin's (BTC) daily price chart as market participants look to Wednesday's U.S. inflation data to put a floor under risk assets.

Bitcoin, at some point, will break out of this range; the question remains if it will go higher or lower. This story originally appeared on Coindesk Currency Exchange Rates Indices Commodities ...