Bitcoin has just threatened to put the bears to shame by marking up a potential price upgrade today! This is in the form of a significant breakout, the first one after the recent Elon Musk pump and dump.
A few days ago, the world's richest man, Tesla, and SpaceX CEO Elon musk set a new wave in Crypto by changing his Twitter bio to "#bitcoin," and this managed to induce a significant pump and dump.
Did Bitcoin recover from the dump?
You bet!!!
For the first time and very early on, if I might add, I believe that there will be a colossal breakout coming, and it is coming now.
Over the past few days, I have steadily been watching the Bitcoin charts and prices and reviewing other expert price predictions, and I found something very significant I would like to show you.
If you look below at the illustrated chart, you will see that I indicated a falling wedge and a neutral straight line marking a resistance above and the one below for support.
As you can also tell, if we move further in the graph, we see that Bitcoin prices are above the resistance points and the falling hedge. This is already an excellent sign for Bitcoin, especially in the long run.
Next, I observed one bullish, one bearish, and another bullish sign below the resistance point. This shows the head and both shoulders, and now here's the absolute best part of it;
The neckline of the head shows a significant distance with the resistant point just above it. To see what I'm driving at, if you take a line from the entirety of the neckline and transfer it to the current charts today, this indicates a potential price range of around 36,000-37,000 US dollars as a proposed breakout range.
Although we are nowhere close to this potential breakout, Bitcoin is soaring higher and has already broken out from the resistance, as you can see from the recent illustrations.
I reckon this will be a great time to enjoy profits by buying early and awaiting this breakout. This will not just be good for investors but is also the perfect time for holders to trade their coin and retail traders to take advantage of this period in Bitcoin pricing.
Share your various thoughts and ideas regarding this potential breakout, and make sure to leave a comment down below.
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