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Legendary Trader Says Bitcoin Could Hit $100K—But Only If It Breaks This Key Level

Coinpedia LogoCoinpedia4d ago

Legendary Trader Says Bitcoin Could Hit $100K—But Only If It Breaks This Key Level - Coinpedia

Quick Summary:

For the past six months, the crypto king has been trapped in a tricky trading pattern called a Descending Broadening Wedge.

Top trader Captain Faibik warns that breaking the crucial $69-70k resistance is key.

This decline comes as spot Bitcoin ETFs experienced significant outflows, totaling $109.18 million as of August 28.

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Legendary Trader Says Bitcoin Could Hit $100K—But Only If It Breaks This Key Level - Coinpedia (Picture 1)Legendary Trader Says Bitcoin Could Hit $100K—But Only If It Breaks This Key Level - Coinpedia (Picture 2)Legendary Trader Says Bitcoin Could Hit $100K—But Only If It Breaks This Key Level - Coinpedia (Picture 3)

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Article Details

Author / Journalist: Mustafa Mulla

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 07:02:14 (4 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 450 words

Reading Time: 3 minutes read

Sentences: 41 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 22293586

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About Coinpedia

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Main Topics: Crypto

Official Website: coinpedia.org

Year Established: 2016

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

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: #112

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  • News ID: #22293586
  • URL: https://beamstart.com/news/legendary-trader-says-bitcoin-could-17249152053581

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