Bitcoin Gearing Up for Breakout, $175K Target This Cycle – Analyst

Quick Summary:

Despite this rally, Caleb Franzen, founder of Cubic Analytics, believes Bitcoin is still preparing for a breakout.

Franzen sees the recent BTC price action as encouraging in the short term and a sign of an upcoming bull run.

Bitcoin rose to $73,600 on Tuesday, breaking above resistance around $70,000.

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Article Details

Author / Journalist: Ikemefula Aruogu

Category: Crypto

Markets: India

Topics: Market Sui (SUI) News Market News Solana Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 09:23:28 (11 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 172 words

Reading Time: 1 minutes read

Sentences: 47 lines

Sentence Length: 4 words per sentence (average)

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

Copyright Owner: © Coinedition

News ID: 23363220

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 12 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #124

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