Bitcoin Poised for Breakout as Analyst Predicts $100K by Q4

  • Bitcoin is set to experience a massive bull run shortly, predicted an analyst.

  • BTC needs to break above the $69K-$70K resistance to confirm a bullish surge.

  • Bitcoin will reach the $100K price tag by Q4, predicted the analyst.

Crypto watchers are eyeing a potential breakout for Bitcoin after crypto analyst Captain Faibik highlighted a bullish technical pattern.

$BTC Nothing has Changed yet..!!

Bitcoin has been consolidating within a Descending Broadening Wedge for the past 6 Months.

Breaking through the $69-70k Crucial Resistance level is essential for the bulls.

In the last 4-5 attempts, Bulls have failed to clear this level, but
 pic.twitter.com/hVyGwd6Tgt

— Captain Faibik đŸș (@CryptoFaibik) August 29, 2024

Faibik believes Bitcoin is on the verge of a significant rally after spending the past six months consolidating within a Descending Broadening Wedge. This chart formation often precedes a price surge.

However, the analyst also highlighted that it is imperative for the leading cryptocurrency to break above the resistance zone of $69,000-$70,000 price level and despite numerous attempts, the bulls have not been able to do so. According to the analys


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