Bitcoin’s been looking pretty good lately, briefly topping $85,000 this weekend. While it usually struggles towards the end of the week, things might be different this time.
Could Bitcoin Hit $90,000?
Crypto analyst Ali Martinez thinks so! He’s spotted an “ascending triangle” pattern on the Bitcoin chart – a bullish signal.
What’s an Ascending Triangle?
It’s basically a triangle shape on a price chart. A horizontal line connects a series of lower highs, and a rising diagonal line connects the swing lows. Usually, this means the price will continue going up. But, it could
In this case, Bitcoin seems to be breaking out above the horizontal line, around $84,000. If it stays above this level, Martinez predicts a move towards $90,000. That’s a roughly 7% jump from the current price.
Whale Watching: Big Investors Are Buying
To reach $90,000, Bitcoin needs serious buying power. Luckily, the biggest Bitcoin investors (the “whales”) are already piling in! They’ve been accumulating coins, with one group adding 20,000 BTC in just 24 hours. This could be the fuel Bitcoin needs for its next leg up.
