The "Titan of Crypto," a Bitcoin technical analyst, predicts a high probability for Bitcoin to reach $158,000. This prediction is supported by a bull pennant pattern and rising monthly RSI levels. The bull pennant pattern is a continuation signal that suggests Bitcoin may be ready for another upward move. The breakout highlighted on the chart indicates a potential rally that could take Bitcoin to new highs. The analyst emphasizes that the $158,000 target aligns with Bitcoin's historical price behaviors during bullish signals on higher timeframes. Additionally, the monthly RSI crossing above its moving average reinforces buying momentum and a shift in sentiment towards accumulation. The analyst also provides an optimistic EV analysis, suggesting potential targets of $340,000 and $71,000 in the short-term.
- Content Editor ( cryptobriefing.com )
- 2024-10-28
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