Bitcoin Rises Above $70K Again: Expert Points To Pattern Signaling Major Breakout
Portfolio Pulse from Murtuza Merchant
Bitcoin (BTC) surpassed the $70,000 mark again, indicating a bullish trend as it prepares for the Benzinga's Future of Digital Assets conference. Crypto strategist Kevin Svenson predicts a rally towards $76,000, citing an 'inverse head and shoulders' pattern and positive MACD indicator momentum.
March 25, 2024 | 4:51 pm
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Bitcoin's recent surge above $70,000 and analyst predictions of a rally towards $76,000 indicate a strong bullish sentiment. Technical analysis supports further gains.
The prediction of a rally towards $76,000 is based on technical analysis, including an 'inverse head and shoulders' pattern and positive momentum on the MACD indicator. These factors suggest a strong bullish sentiment in the short term.
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