Bitcoin Forms Bullish Pennant That Shows Surge To $113,000 Is Coming, Here’s How

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Based on this, the analyst explained how the Bitcoin price could rally to as high as $113,000.  Bitcoin Bullish Pennant Could Send Price To $113,000 In an X post, Trader Tardigrade mentioned a bullish pennant that had formed on the Bitcoin chart.

This greed is said to have spilled over retail investors as there has been a significant spike in Google search interest for Bitcoin.  Related Reading: Ethereum Sees $1 Billion Exchange Outflow Alongside Bitcoin: What This Means For Price Secondly, the analyst mentioned that BTC investors have realized over $5.42 in profits, which puts the Bitcoin price at risk of facing significant selling pressure if these investors decide to secure some of these profits now.

A bullish pennant indicates the continuation of an uptrend following a brief consolidation period.   Related Reading: XRP Price Rockets Past $1: On-Chain Data Unveils Key Holder Cohort Behind Breakout Trader Tardigrade said that the Bitcoin consolidation within the Pennant looks really healthy and good.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Crypto Price Trader Scott Tardigrade Newsbtc Bullish Bitcoin Analyst Work Chart

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 17:00:03 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 444 words

Reading Time: 3 minutes read

Sentences: 67 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23667948

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