Bitcoin could target new all-time highs after breaking out to the upside from its consolidation pattern, analytics firm 10x Research said in a Monday report. Based on a symmetrical triangle formation, a chart pattern in technical analysis, the breakout could foreshadow a $15,000 to $20,000 price increase for bitcoin’s next move from around the $63,000 level, the report said. That would drive BTC as high as $83,000.
BTC Outperforms Broader Crypto Market, Ether Price Drop Mirrors Bitcoin ETF Launch
July 26, 2024
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