$BNB
Bitcoin's "bull pennant" aims for targets of $136,000 and higher.
Bitcoin experienced a 14% increase from July 8 to Saturday, achieving an unprecedented peak of nearly $123,000. Following this surge, the BTC price has retraced, stabilizing between the all-time high and $115,000.
Currently, Bitcoin is undergoing a bull pennant breakout with a target of $140,000.
A bull pennant is recognized as a continuation pattern that emerges after a substantial increase, succeeded by a consolidation phase at the upper end of the price range.
Nevertheless, another traditional pattern has been identified, which is the inverted head-and-shoulders pattern observed on the three-day chart
As the majority of Bitcoin's apparent sell-side liquidity was absorbed during the ascent to $122,000, some analysts caution that a temporary dip to test $115,000 as a support level may be the forthcoming movement for the BTC price.
Bitcoin's "bull pennant" aims for targets of $136,000 and higher.
Bitcoin experienced a 14% increase from July 8 to Saturday, achieving an unprecedented peak of nearly $123,000. Following this surge, the BTC price has retraced, stabilizing between the all-time high and $115,000.
Currently, Bitcoin is undergoing a bull pennant breakout with a target of $140,000.
A bull pennant is recognized as a continuation pattern that emerges after a substantial increase, succeeded by a consolidation phase at the upper end of the price range.
Nevertheless, another traditional pattern has been identified, which is the inverted head-and-shoulders pattern observed on the three-day chart
As the majority of Bitcoin's apparent sell-side liquidity was absorbed during the ascent to $122,000, some analysts caution that a temporary dip to test $115,000 as a support level may be the forthcoming movement for the BTC price.
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