Bitcoin Price To $140,000 Or $67,000? Analyst Weighs In On Interesting BTC Setup

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

The story "Bitcoin Price To $140,000 Or $67,000? Analyst Weighs In On Interesting BTC Setup" has 419 words across 64 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 To $140,000 Or $67,000? Analyst Weighs In On Interesting BTC Setup" was covered 17 hours 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 8 news stories per day. It's most recent story was published 10 hours ago.

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

The sentiment for this story is currently Negative, indicating that people regard this as "bad 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: #25082472</li><li>URL: https://beamstart.com/news/bitcoin-price-to-140000-or-17366917146946</li></ul>

NewsBTC Logo NewsBTC 17h ago

Bitcoin Price To $140,000 Or $67,000? Analyst Weighs In On Interesting BTC Setup - NewsBTC

Quick Summary:

The pennant pattern is marked by a price upswing (the flagpole) followed by a consolidation range with converging trend lines (the pennant), while the head-and-shoulders formation (as the name suggests) is characterized by three distinct price highs, including a higher "head” between two lower "shoulders.” The pennant chart formation often serves as a bullish continuation pattern, suggesting the persistence of an upward price trend.

As seen in the chart above, the Bitcoin price is yet to break beneath the neckline of the head-and-shoulders pattern, which often serves as confirmation for the trend reversal.

However, Martinez pointed out that the next target could be higher if the Bitcoin price holds above the neckline and breaks out of the bull pennant pattern.