Bitcoin is showing signs of a Stochastic breakout, a pattern that has historically led to significant rallies in the cryptocurrency. Technical indicators such as the Relative Strength Index and the MACD are suggesting a shift in momentum and the formation of an ascending triangle, indicating a potential upward price movement. Analysts are optimistic that Bitcoin could hit new all-time highs in the fourth quarter of 2024, with a target of $88,690. Traders are closely watching for a breakout from current resistance levels, which could trigger a strong rally and potentially set new records for Bitcoin.



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