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Bitcoin Price Breaking Out Of This Pattern — Can BTC Reclaim $90,000?

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Bitcoin Price Breaking Out Of This Pattern — Can BTC Reclaim $90,000? - NewsBTC

Quick Summary:

The price target for an ascending triangle pattern is determined by adding the vertical distance between the horizontal and rising trendlines to the breakout point.  A Bitcoin price leap to $90,000 would represent an almost 7% move from the current price point.

The ascending triangle is a pattern in technical price analysis featuring an inverse right-angled triangle with a horizontal upper boundary (connecting a series of lower highs) and a diagonal rising lower trendline (connecting the swing lows).

However, an ascending triangle formation can also serve as a trend reversal pattern and a bearish signal — when the asset’s price breaks down the lower trendline and in the opposite direction of the initial uptrend.


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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-15 @ 22:00:52 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 450 words

Reading Time: 3 minutes read

Sentences: 68 lines

Sentence Length: 7 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 27032495

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About NewsBTC

NewsBTC Logo

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 10 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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  • URL: https://beamstart.com/news/bitcoin-price-breaking-out-of-17420785012839

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