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Is Bitcoin Destined for a 2016-Style Breakout? Charts Suggest A Q4 Target of $100K

Bitcoinist LogoBitcoinist11h ago

Is Bitcoin Destined for a 2016-Style Breakout? Charts Suggest A Q4 Target of $100K - Bitcoinist

Quick Summary:

Bitcoin (BTC) is navigating through a storm of fear and uncertainty, with recent volatile price action causing significant shakeouts among traders and investors.

As BTC fluctuates, parallels are drawn between its current structure and the 2016 bull market.

This pivotal support level will be crucial in determining the near-term direction of Bitcoin’s price action.

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Is Bitcoin Destined for a 2016-Style Breakout? Charts Suggest A Q4 Target of $100K - Bitcoinist (Picture 1)Is Bitcoin Destined for a 2016-Style Breakout? Charts Suggest A Q4 Target of $100K - Bitcoinist (Picture 2)

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 00:30:08 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 49 lines

Sentence Length: 10 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 22360899

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 32 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

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: #105

Publisher Details

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The story "Is Bitcoin Destined for a 2016-Style Breakout? Charts Suggest A Q4 Target of $100K" has 464 words across 49 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Is Bitcoin Destined for a 2016-Style Breakout? Charts Suggest A Q4 Target of $100K" was covered 11 hours ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 32 news stories per day.

It's most recent story was published 10 hours ago.

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  • News ID: #22360899
  • URL: https://beamstart.com/news/is-bitcoin-destined-for-a-17254107913240

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