This Textbook Chart Pattern Predicts Bitcoin Will Hit $13,000 Imminently


Bitcoin has stalled despite posting a weekly close above the pivotal $11,800 level that analysts eyed. BTC remains in a textbook bullish chart pattern. That pattern is an ascending triangle, which has been a pattern of importance throughout Bitcoin’s history. This specific iteration of the pattern predicts that Bitcoin will soon hit $13,000. As of this article’s writing, BTC trades for $11,820, down slightly in the past 24 hours. Bitcoin Could Soon Hit $13,000, Ascending Triangle Pattern Predicts Bitcoin is on track to hit $13,000 in the near future as it continues to confirm a textbook bullish pattern, one trader has suggested. Referencing how Bitcoin has formed an ascending triangle marked by higher lows and equal highs, he wrote in regards to the chart below: “As easy as it gets. The simple $BTC plays.” Chart of BTC's price action over the past few weeks with an analysis by trader Cold…

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