Bitcoin’s price, currently at $69,461, is showing strong indicators of a rally beyond $90,000, driven by a bullish pennant formation and increasing capital inflows into U.S.-based ETFs.
The resemblance of Bitcoin’s current price action to a historical fractal before its 2021 rally suggests a potential breakout, with analysts projecting a target exceeding $75,000.
Bitcoin (BTC) enthusiasts are optimistic as the leading cryptocurrency’s price hovers at $69,461, displaying signs of a potential rally beyond $90,000. A convergence of technical, on-chain, and fundamental indicators suggests a favorable outlook for the coming weeks.
BTC’s recent price surge, reaching an all-time high of $69,210, has transitioned into a consolidation phase, forming a bull pennant on the daily chart. Traditionally viewed as a bullish continuation pattern, bull pennants often precede substantial price increases, mirroring the height of the previous uptrend. This breakout is typically accompanied by heig
