룰렛사이트 정보-바카라 용어 정리

루피 카지노；소닉 카지노；라바 카지노

Scott Matherson — Tue, 22 Oct 2024 00:00:18 +0000

Alan Santana, a crypto analyst on TradingView, has predicted that the Bitcoin price could potentially experience a drastic decline to new lows around $35,720, driven by muted buying volume. The analyst has declared that the current state of the market is bearish, highlighting potential manipulation from whale investors.

Bitcoin Price Could Crash To $35,720

According to Santana, Bitcoin has witnessed 75 days of bullish activity but has not reached projected new price peaks, currently trading within a lower high below $70,000. While the cryptocurrency did hit an All-Time High (ATH) in March, surging past $73,000, Santana has concluded that the general market has become relatively bearish.

He disclosed that most of the Bitcoin price action between August 5 and to present day is forming part of an inverted correction, which suggests that prices have been rising but without reaching new peaks.

Santana also declared that the current Bitcoin price action confirms that there is no bullish momentum. He attributed this lack of momentum to muted whale activities, highlighting that there are currently no buyers or buying volume at the current market level.

Due to these bearish conditions, Santana has predicted that Bitcoin could end up crashing to $35,720, representing a massive 46.68% decrease to new lows. This also means that Bitcoin’s price will drop by almost half, triggering panic and fear amongst retail and whale investors.

Contrary to Santana’s bearish analysis, the price of Bitcoin is up by 5.56% and trading at $68,203, according to CoinMarketCap. The cryptocurrency is gradually increasing to reach the $70,000 mark, driven by positive changes in market sentiment and the historically bullish Q4.

Although Santana has stayed firm in his bearish predictions of Bitcoin due to limited buying power, the analyst has also received severe backlash from various crypto community members. One member criticized Santana’s bearish Bitcoin prediction, suggesting that there were flaws in his analysis. Others accused the analyst of attempting to manipulate investors by using a Bitcoin chart from a Blofin exchange, which typically has lower transaction activity.

Bitcoin Market Manipulation And Bears

Despite the heat from crypto members, Santana believes that market manipulation has led to the current bearish price action in Bitcoin. The analyst highlights that Bitcoin’s price can be artificially manipulated by large holders or so-called Whales.

He stated that these whales can push the price of Bitcoin up hoping that retail investors will dive into the market and buy, ultimately triggering a bullish wave. According to Santana, if there are no genuine Bitcoin buyers, the alleged manipulation could backfire, possibly leading to losses for said market manipulators.

Santana has revealed that retail investors are no longer easily fooled into buying Bitcoin at the top, showing more caution due to previous cycles of manipulation and hype. He also disclosed that buyers are not swayed by exaggerated predictions of substantial future gains by analysts, claiming that Bitcoin could reach $3,000,000.

리그 앙 Archives；【토토사이트】스포츠토토

Scott Matherson — Mon, 21 Oct 2024 19:30:18 +0000

The Ethereum price started the new week by extending last week’s gains, which kicked off after it bounced off support at $2,350. This run has seen the Ethereum price now pushing towards resistance at $2,800, which the bulls look forward to breaking before the week runs out.

In light of the recent Ethereum price move, a crypto analyst has noted that the leading altcoin is gearing up for a massive move, and things are about to get interesting.

Things Are About To Get Interesting With The Ethereum Price

According to the analyst, known as @IamCryptoWolf on social media platform X, the current market conditions and technical setup suggest that Ethereum could be gearing up for a significant breakout, hinting that “things are about to get interesting.

The prediction is based on an analysis of Ethereum’s price action against the US dollar (ETH/USD) on a 3-day candlestick timeframe, where the analyst has identified the formation of an inverse head and shoulders pattern.

This inverse head-and-shoulders pattern is considered a powerful reversal signal in technical analysis, indicating a transition from a downtrend to an uptrend. The pattern consists of three distinct lows: the left shoulder, the head, and the right shoulder. The head forms the deepest low, while the two shoulders are smaller lows. The neckline, connecting the peaks between the shoulders, acts as a critical resistance level. Once price action breaks above this neckline decisevely, it often sparks a surge in bullish momentum. In the case of Ethereum, the analyst identified this neckline at approximately $2,800. Ethereum has recently been trending upwards toward this level, suggesting that a breakout may be close. In terms of a breakout target, the analyst pointed to the $3,400 level as the first key price zone to watch. Breaking out of the $3,400 level would open up the path to Ethereum retesting its yearly high above $3,920 towards $4,000 and probably even creating a new one.

The $3,400 and $3,920 price targets represent 25% and 45% increases, respectively, from the current price of Ethereum.

Ethereum And The Broader Market Context

The Ethereum price performance in 2024 has been closely tied to the overall market conditions, particularly Bitcoin’s movements. Many large market cap cryptocurrencies have started the week with gains, as many bullish traders look to continue on last week’s momentum.

The Ethereum price broke above $2,700 for the first time in October during this weekend as many addresses crossed into the long-term holding cohort, further increasing the bullish sentiment. At the time of writing, Ethereum is trading at $2,720 and is up by 2.83% in the past 24 hours.

As things stand, the coming days could be pivotal for the rest of the year, with Ethereum potentially gearing up for a significant upward move above $2,800, making things ‘about to get interesting�?indeed.

바카라 룰；온라인바카라

Scott Matherson — Mon, 21 Oct 2024 15:00:17 +0000

The XRP price is currently trading at $0.554, having increased by 3% in the past 24 hours. However, XRP largely remains in the red in a 30-day timeframe, having broken below the $0.6 threshold earlier in the month. At the time of writing, XRP is down by 5.3% in the past 30 days.

According to CoinCodex, a machine learning algorithm, XRP should continue on a bullish trajectory this week. According to its latest forecast, XRP is on track for upward momentum this week and will maintain its strength throughout the week, with the price expected to surpass the $0.60 mark.

CoinCodex Forecast: XRP Price Set For A Rally This Week

CoinCodex’s machine learning algorithm paints a bullish picture for the XRP price journey this week. Its Fear & Greed Index, a popular tool that measures investor sentiment, currently reads 72 for XRP, indicating a state of “greed.” Furthermore, the sentiment has now flipped to neutral after spending earlier days in the bearish zone.

According to CoinCodex’s algorithm, XRP’s technical indicators further back up the bullish case. Out of 29 key indicators used in the analysis, 20 are flashing bullish signals, while only nine are giving bearish signals. This overwhelming tilt towards positive momentum points to growing market confidence in XRP’s short-term prospects. Given these indicators, the algorithm predicts that XRP is primed to break above the $0.60 threshold again this week.

More notably, CoinCodex anticipates that XRP could achieve double-digit gains by the end of the week. The algorithm sets a target for XRP to close the week at $0.635269, which represents a significant 16% increase from its current price levels. Such an outcome would mark a major milestone for XRP, as it would be the first time in quite some time that the cryptocurrency posts double-digit gains on a weekly timeframe.

What To Expect For XRP This Week

If the XRP price movement plays out as predicted, it could signal the beginning of an extended bullish trend for the cryptocurrency as momentum builds up and investors pile in. The combination of positive technical indicators and strong market sentiment makes this week a crucial period for XRP, as it suggests that the asset is positioned for further gains.

According to CoinCodex’s analysis, XRP has support levels at $0.540343, $0.534077, and a stronger foundation at $0.530528. On the resistance side, key levels to watch include $0.550157, $0.553706, and $0.559972, which could present challenges on its upward path. The key XRP price target to watch will be the $0.60 level. If breached, the momentum could pave the way for XRP to test the projected $0.643268 mark by the end of the week.

정보창고；바카라사이트,카지노사이트,온라인카지노사이트

Scott Matherson — Sun, 20 Oct 2024 22:00:09 +0000

Meme coin FLOKI has also benefited from recent inflows into the crypto markets, which has left many cryptocurrencies posting gains in both the 24-hour and seven-day timeframes.

Notably, this inflow has seen FLOKI breaking out of a descending trendline that has served as the peak of its rallies since June. This breakout is seen as a key technical development, with crypto analyst World Of Charts emphasizing it as a strong bullish signal. According to the analyst, the breakout opens the trend for the meme coin to continue the run toward a new all-time high.

FLOKI Ready For 200% Surge Past All-Time High

Although it was launched in 2021, FLOKI rose to prominence earlier this year after it went on a 1,100% increase over five months to peak at a new all-time high of $0.0003449. As it stands, the meme coin has corrected by around 55% from this all-time high. However, according to analysis and prediction from crypto analyst World Of Charts, this correction is about to end and the $0.0003449 all-time high might not hold for long anymore. World Of Charts shared his analysis on the social media platform X, posting a daily candlestick chart of the FLOKI / TetherUS trading pair. The chart reveals that the meme coin has just broken above the resistance trendline of a bullish pennant flag pattern, which the meme coin has been trading within since hitting its all-time high. In terms of the projected price trajectory, the analyst believes FLOKI is on course for another breakout that could not only exceed the previous all-time high but also push toward a price point just below $0.0005. To reach this point, FLOKI would have to go on a 210% rally from the current price level.

$Floki #Floki Finally Breaking Out Send It Towards New Ath //t.co/I2sVnrx94X pic.twitter.com/LNsAHKe1Q0

�?World Of Charts (@WorldOfCharts1) October 19, 2024

Is A 200% Rally Possible For FLOKI?

At the time of writing, FLOKI is trading at $0.0001554 and is still up by 12% in the past seven days. According to data from on-chain analytics platform Santiment, FLOKI and other meme coins are witnessing the highest level of interest and mentions across social media platforms in five months. This interesting trend is brought about by the new interest in Dogecoin, which has naturally flowed into other meme coins.

Given this heightened attention and the bullish technical setup highlighted by analysts, a 200% rally is within the realm of possibility. FLOKI has already shown it can achieve significant gains in a short timeframe, having previously posted an impressive 1,100% increase earlier this year. If the current social buzz and market dynamics continue to favor meme coins, FLOKI could break through its resistance levels and embark on another explosive rally to deliver a 200% increase before the end of the year.

According to another crypto analyst, FLOKI is set for an even bigger 2,100% increase to $0.002.

Featured image from Lunu, chart from TradingView

밀리언카지노 안전한 토토사이트 보증업체 먹튀검증；토토먹튀블러드

Scott Matherson — Sun, 20 Oct 2024 18:00:59 +0000

In a notable turn of events, meme coin Dogecoin is now flashing a sell signal for corrections ahead after a 30% rally in seven days.

The Dogecoin price has been on an unprecedented rally in October, taking many investors who have been on the sidelines by surprise. However, according to a take by crypto analyst Ali Martinez, the meme coin might actually undergo some price correction in the short term before a continuation of the uptrend.

His insights are grounded on the signal provided by the TD Sequential indicator, a technical tool known for identifying market exhaustion points.

Dogecoin Might Be Overbought

In a recent post on X, Martinez highlighted the TD Sequential setup on the Dogecoin/TetherUS daily candlestick chart. This analysis reveals that Dogecoin is currently experiencing its ninth consecutive bullish close on the daily candlestick, aligning with the ninth count by the TD Sequential indicator. While this sustained surge in the Dogecoin price has been impressive, it also indicates that the meme coin may be reaching a pivotal moment where a price retracement could occur.

Adding to the caution, this sell signal coincides with a newly established overbought condition for Dogecoin. The Relative Strength Index (RSI) has shown that the recent buying momentum has pushed Dogecoin deep into the overbought territory. At the time of writing, the RSI 14 close sits at an elevated 75.80, having recently peaked at 78.36, which is its highest level since March. This overbought condition suggests that the buying frenzy may be unsustainable, raising the likelihood of a pullback very soon.

Is It Time To Sell DOGE?

Martinez’s observations serves as a crucial reminder of Dogecoin’s volatility leading into the new week. At the time of his analysis, Dogecoin was trading at $0.14575. However, at the time of writing, Dogecoin has fallen to $0.1424, translating into a 2.3% decline in the few hours. Despite this, the meme coin is still on a 29% gain in the past seven days. Nonetheless, it is crucial to remain patient with the Dogecoin outlook, especially as the RSI is now pointing to an overbought condition. On the other hand, Dogecoin isn’t the only cryptocurrency in overbought condition, as the entire market is now in a greed condition, according to the Fear and Greed Index. If the 24-hour correction for DOGE were to extend for the rest of the weekend, it could cascade into a break below $0.14 in the short term and a return into $0.13 territory.

Crowd attention and discussion surrounding Dogecoin remain at their highest level since March. This suggests that any corrections may be temporary, and there is a high chance for the uptrend to resume as the new week unfolds. According to one crypto analyst, Dogecoin is on track for a price rally with a return of over 400%.

Featured image from Medium, chart from TradingView

바카라사이트；바카라사이트,카지노사이트,온라인카지노사이트

Scott Matherson — Sun, 20 Oct 2024 06:30:55 +0000

Renowned crypto analyst, ‘Egrag Crypto�?took to X (formerly Twitter) to unveil three critical price targets for XRP in this bull cycle. Despite XRP price experiencing persistent stagnation, the analyst has projected a major price increase as high as 4,800% for the popular cryptocurrency.

Major Resistance And Support Targets For XRP

On 17 October, Egrag Crypto shared three major targets for the XRP price based on Channel B, a distinctive boundary XRP has struggled to breach for years. In the monthly time frame, XRP faces three primary resistance targets and three support marks.

XRP price action within Channel B is constrained by key resistance levels that may dictate whether the cryptocurrency can break free from its long-term consolidation cycle. According to the analyst’s XRP price chart, the first major resistance level is seen around the $0.6450 price mark. Over the past few months, XRP has risen above $0.6, fueling hopes of a potential breakout but ultimately declining back to $0.5.

A significant breakout from the $0.6450 level could signal a potential bullish momentum, but it would still remain within the bounds of Channel B. The second price target, $0.85 is a key target that XRP price has also struggled to maintain over the years. It also represents a mid-range of the entire XRP Channel B. Lastly, at the top end of Channel B and highlighting the most crucial resistance level is the $1.1 threshold. A sustained break from this critical resistance could mean XRP may finally escape Channel B and rally to new levels.

Additionally, assisting these key resistance levels are three major support levels. The first line of defense if XRP fails to hit $0.645 is the support level at $0.48. If the cryptocurrency also breaks down below $0.85, the next support can be seen at $0.38. Finally, if XRP fails to break through $1.1 resistance, it may find support around new lows at $0.28.

XRP Bullish Price Targets

While highlighting key resistance and support levels for XRP, Egrag Crypto also emphasized three bullish price targets for XRP if it can successfully close the monthly candle inside Channel B. The first major breakout target sees XRP potentially skyrocketing to $7.5, at the 1.236 Fibonacci retracement level.

The next major cycle target is the 1.414 Fibonacci retracement level, with XRP price possibly surging to $13 and marking explosive all-time highs. The ultimate and final cycle target, according to Egrag Crypto, is the 1.618 Fibonacci retracement level. If XRP can reach this level, its price could skyrocket to $27, marking a monumental increase for the cryptocurrency and potentially positioning it among the top-performing digital assets in the market.

It’s important to note that these predictions remain speculative, as XRP’s price at the time of writing is still trading at $0.54, according to CoinMarketCap.

Featured image from CPO Magazine, chart from TradingView

베트맨 Archives；【토토사이트】스포츠토토

Scott Matherson — Sun, 20 Oct 2024 03:30:19 +0000

Dogecoin, the world’s largest meme coin by market capitalization is now flashing a major sell signal, indicating that it may be time for investors to get out fast, and sell off their tokens before a potential decline. This sudden sell signal comes as the Dogecoin price jumped 10% following a recent comment by SpaceX and Tesla Chief Executive Officer (CEO) Elon Musk.

Dogecoin Price Flashes Sell Signal

Dogecoin recently caught the interest of investors after its price dramatically surged by over 10%, surpassing the $0.127 mark in one day. The massive price increase was driven by social media hype and ongoing speculation about future endorsements from Musk, following his statements of a �?a href="//shenyangcang.com/news/dogecoin/dogecoin-registers-4-increase-following-elon-musks-latest-post-key-levels-to-watch/amp/">Department of Government Efficiency (D.O.G.E)�?proposal.

Despite the considerable surge in Dogecoin, analysts are cautioning that the price jump may be signaling an impending sell-off. Particularly, Ali Martinez, a popular crypto analyst took to X (formerly Twitter) to warn users that the meme coin was currently flashing a sell signal on the Dogecoin daily chart.

While optimism for Dogecoin turned bullish after its price increase, it seems investors may have to get out of the market fast to preserve their new profits. While some loyal Dogecoin investors may hold on to their assets for the long term, short-term investors may be tempted to cash in on the recent gains.

Based on the Dogecoin sell signal chart, Martinez predicts that the meme coin may experience a brief period of decline typically seen when meme coins experience sharp spikes. However, the analyst has also forecasted that after this short correction, Dogecoin may continue its upward momentum to reach new levels.

The cryptocurrency is currently trading at $0.1446, a significant increase from its price earlier this month which was standing at around $0.11 at some point. CoinMarketCap’s data has also revealed that Dogecoin soared by a whopping 30.49% over the past week and increased by 38.81% in the last month.

It’s clear that the popular meme coin is on a major uptrend, as its chart has been in the green for some time now. Although Dogecoin did see some declines previously, investors’ optimism regarding the meme coin is high as its daily trading volume has increased by 12.29%.

Analyst Says Dogecoin Is Going To $1

A crypto analyst identified as ‘Crow�?on X has confidently predicted a major bullish rally for Dogecoin. On October 18, the analyst predicted that the price of Dogecoin was going to $1 soon, possibly riding the wave of the upcoming crypto bull run.

The analyst shared a distinctive historical Dogecoin chart, covering the period from 2014 to the present, highlighting how the cryptocurrency had previously experienced strikingly similar market movements before hitting a price high. In line with this trend, Dogecoin seems to have created another unique triangle pattern that started in 2021 and has continued into 2024.

It is possible that with the complete formation of this triangle pattern, Dogecoin may see a potential spike to $1. While the predictions remain ambitious speculations, Crow has remained confident, emphatically declaring that Dogecoin is the Bitcoin of meme coins.

룰렛 규칙；온라인바카라

Scott Matherson — Sat, 19 Oct 2024 23:00:19 +0000

Crypto analyst Ash Crypto has alerted the crypto community that $33.14 billion is at risk if the Bitcoin price reaches $72,462. This relates to the short positions that could be liquidated if the flagship crypto hits that price target, a development that will be bullish for BTC.

Almost $33.14 Billion Will Be Wiped Out If Bitcoin Price Hits $72,462

Ash Crypto mentioned the liquidation alert in an X post, revealing that $33.14 billion worth of shorts will be liquidated if the Bitcoin price hits $72,462. These BTC bears are already in danger of getting liquidated, considering that the flagship crypto is fast approaching the $70,000 price level. This could pave the way for an extended rally to this liquidation price and even beyond.

The liquidations of these Bitcoin shorts could be bullish for the flagship crypto, leading to an extended rally to new highs, especially with the current ATH of $73,00 being in sight once the price hits $72,462. However, there is also a scenario where the Bitcoin price could correct to flush out overleveraged longs before it continues with its move to the upside.

For now, the Bitcoin price undoubtedly boasts a bullish outlook, considering how the flagship crypto has rallied since the start of this week. BTC briefly touched $69,000 on October 18, further providing optimism that the crypto could reach a new ATH soon enough. Standard Chartered recently predicted that it will likely happen before the November 5 US elections.

Although that remains to be seen, it is worth mentioning that Bitcoin’s demand is again on the rise, which could fuel this rally to a new ATH. Specifically, the Spot Bitcoin ETFs, which fueled the run to a new ATH earlier in the year, are again actively accumulating. SpotOnChain data shows that these Bitcoin ETFs witnessed a net inflow of $2.13 billion this week. BlackRock, in particular, added $1.14 billion worth of BTC to its holdings.

Bear Analyst Warns Crypto Traders

Analyst Justin Bennett, known for bearish analysis, has warned traders to be cautious about trading amid this recent Bitcoin price rally. He stated that things do not add up and that staying cautious during periods like this is the best way to survive. He added that he won’t be making any bold predictions at the moment because the data is conflicting.

However, he suggested that market participants shouldn’t be excited about Bitcoin’s breakout from the seven-month range. This followed his statement that the rally was primarily perp-driven and that open interest is back at its late July peak.

Crypto analyst CrediBULL Crypto, who has been a Bitcoin bear lately, also warned that the Bitcoin price rally is being driven by the perpetuals market. In a recent X post, he noted that open interest has officially surpassed the level it was at before the last BTC drop from $70,000 to $49,000.

카지노사이트 슬롯머신 종류；온라인카지노；카지노사이트킴

Scott Matherson — Fri, 18 Oct 2024 14:30:25 +0000

The idea of the XRP price reaching $1,000 has once again gained traction as a social media platform X user called Drewski called for the Ripple community to unite in driving XRP to the unprecedented price level. While Drewski’s post reignited the conversation, the $1,000 price target is far from new, as it has been a goal shared by many XRP investors for years.

Bold $1,000 Price Target For XRP

Drewski’s comment on XRP echoes the entire cryptocurrency investor community. Particularly, it can be inferred that the investor is confident that the combined strength of the Ripple community can trigger a historic price surge for XRP.

Interestingly, the bullish price target for XRP is primarily driven by sentiment rather than technical analysis. However, XRP is no stranger to very bullish price targets when viewed through the lens of technical analysis. For instance, renowned crypto analyst EGRAG CRYPTO has provided analysis indicating that XRP could be on a trajectory towards $27. In another technical analysis, the analyst highlighted the possibility of XRP surging further to $99.

How Feasible Is The $1,000 Price Target?

While the prediction is exciting, there are skeptics who question whether XRP can realistically reach $1,000. Critics highlight the enormous market capitalization required to reach this level. For XRP to hit the $1,000 mark, it would either need to achieve a market cap of $99.99 trillion based on its current total supply or burn most of its supply. Many critics are also quick to point out the regulatory uncertainties surrounding XRP and Ripple.

If you ask many crypto participants, many will call XRP dead, considering the crypto has performed poorly than many expected in recent years.

Currently, XRP is trading at a fraction of the $1,000 target. At the time of writing, XRP is trading at $0.5515. The cryptocurrency has been down by 0.7% in the past 24 hours but remains up by 2.5% in a seven-day timeframe.

To reach the price target, XRP would need to go on a 1,800x price surge from the current level, which would make many of its holders multi-millionaires. Therefore, the prospect of such a move has kept the dream of a $1,000 price target alive for many XRP enthusiasts. A more realistic dream would see XRP break above the $1 mark before reaching the double-digit threshold at $10.

For XRP to go on a steady rally, it would need to continue growing in adoption in the traditional financial system. Furthermore, a final resolution to the ongoing Ripple-SEC lawsuit is needed, as achieving regulatory clarity could bring the dream of a $1,000 XRP closer to reality than ever before.

안전한 온라인 카지노 사이트 추천；바카라에이스

Scott Matherson — Fri, 18 Oct 2024 10:00:53 +0000

The Bitcoin price has now broken above the $68,000 mark amid a run of a 12% price increase in the past seven days. However, analysis says the Bitcoin price will not stop this surge anytime soon. According to a detailed analysis posted on TradingView, a well-known crypto analyst has shared insights suggesting that Bitcoin is on track to climb even higher to reach an ambitious target of $95,000, but USDT.D needs to break below the lower boundary of a triangle first.

Interesting Take On Bitcoin Price Outlook

The analyst in question, known as TheSignalyst, takes an unconventional approach to analyzing Bitcoin’s price movement by relying on a lesser-known but intriguing metric.

According to TheSignalyst, the USDT.D chart, which tracks the dominance of the stablecoin Tether (USDT) in the cryptocurrency market, efficiently tracks the overall sentiment of the crypto market. Though not widely used by mainstream analysts, this metric has proven useful in predicting market tops, bottoms, and future price action.

According to the USDT.D chart, the USDT dominance has been playing out a descending triangle pattern since the first days of August. Since this period, the USDT dominance has ranged between 6.5% and 5.34% of the total crypto market cap up until the time of writing. As the analyst noted, as long as USDT dominance remains within the descending triangle, Bitcoin’s price is likely to continue consolidating in a range. However, TheSignalyst adds that for Bitcoin to truly enter a bullish run, the USDT dominance needs to break downward. Specifically, it would have to fall below the lower boundary of the descending triangle and drop beneath 5.2% of the total crypto market cap.

What Does This Mean For The BTC Price?

As the largest stablecoin, the USDT dominance can reveal a lot about the prevailing sentiment among crypto traders. High periods of USDT dominance suggest investors are pulling out of riskier assets and parking their funds in stablecoins, while a decline in the USDT dominance suggests inflows into cryptocurrencies. In the case of TheSignalyst’s analysis, the USDT dominance breaking below 5.2% would signal reduced reliance on the stablecoin and a renewed appetite for riskier assets, paving the way for Bitcoin to embark on a more aggressive upward trajectory. According to the analyst, if this scenario unfolds, it could enable Bitcoin’s price to break past the $70,300 mark in the weekly timeframe. This level sits just above a descending trendline that has been stopping Bitcoin’s momentum since April, and a successful breakout could confirm the start of a much larger rally.

In the case of such a breakout, the analyst suggests a strong surge towards the $100,000 price level. At the time of writing, Bitcoin is trading at $68,100 and is about 47% away from this six-figure target.