This Technical Pattern Suggests Bitcoin is Ready to Push Towards $14,000

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Bitcoin has now entered a clear consolidation phase as its price hovers above $11,000 Bulls were able to maintain their strength overnight, pushing BTC towards $11,200 as bears lose their support BTC’s overt strength at the present moment suggests that it is well-positioned to see further near-term upside One analyst is also pointing to the emergence of a technical pattern as another reason why it may push higher He notes that this pattern could send the cryptocurrency up towards $14,000 in the days and weeks ahead Bitcoin has been showing some intense signs of strength throughout the past few days, as its price has now been able to consolidate above $11,000 for an extended period. This is a positive sign for the cryptocurrency, as it shows that the move past $11,000 was not a fluke but rather is emblematic of the digital asset’s underlying strength. One pattern that has emerged…

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