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 
(@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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