Here’s Bitcoin’s new bullish target as key price levels emerge
Bitcoin (BTC) is currently consolidating above the $60,000 mark, but there is overall market uncertainty regarding its future direction. In this regard, crypto analyst The Moon , based on technical indicators, painted both a bearish and bullish picture for Bitcoin in an X post on August 14. The analyst noted that Bitcoin is trading within a large symmetrical triangle pattern on the one-hour chart. This common chart formation typically precedes a breakout, with the price moving sharply toward the breakout. Bitcoin has been trading within converging trendlines, indicating a potential upward or downward move. Picks for you Trading expert warns Bitcoin could still fail to break this resistance 1 hour ago $2.8 trillion Goldman Sachs discloses m...