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

Q: How long will it take to read this news story?

The story "Bitcoin Price Breaking Out Of This Pattern — Can BTC Reclaim $90,000?" has 450 words across 69 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Bitcoin Price Breaking Out Of This Pattern — Can BTC Reclaim $90,000?" was covered 1 days ago by NewsBTC, a news publisher based in United Kingdom.

Q: How trustworthy is 'NewsBTC' news outlet?

NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news. The outlet is headquartered in United Kingdom and publishes an average of 3 news stories per day. It's most recent story was published 16 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #27032495</li><li>URL: https://beamstart.com/news/bitcoin-price-breaking-out-of-17420785012839</li></ul>

NewsBTC Logo NewsBTC 1d ago

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.