A weekly candle close above $69,000 (the top of the previous bull market) means that bitcoin could be ready to rip upwards. A breakout of its bull pennant on Monday could be the beginning of the next huge leg upwards.
A strong weekly close
An extremely important hold above the all-time high of the 2021 bull market can provide bitcoin with the base to move much higher. A strong break of the bull pennant within which the price has been traversing since mid-March, could provide the impetus for the next all-time high, and a move into price discovery for the king of the cryptocurrencies.
$BTC crashes through top of bull pennant
Source: Coingecko/Trading View
As can be seen in the short term 4-hour chart above, $BTC has just crashed through the top of the bull pennant, and is also looking to break resistance. This resistance is the last before the top at just short of $74,000, so a break here may see the $BTC price surge to $74,000 very quickly.
That said, there could be a small
We współpracy z: https://cryptodaily.co.uk/2024/04/bitcoin-holds-69000-bull-market-ready-to-rip
