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Crypto Analyst: Bitcoin Price Forms Bullish Symmetrical Triangle, Next Stop $100,000 Bitcoin prices have created a bullish symmetrical triangle formation, a technical signal of rising momentum. After the Bitcoin price achieved an all-time high of $93,477 on November 14, this pattern development has occurred between $93,477 and $85,970. This bullish symmetrical triangle was seen on social media by crypto analyst Stockmoney Lizards, who developed the Satoshimeter indicator. Symmetrical Triangle Indicates Bitcoin Price Breakout A symmetrical triangle forms when a descending resistance line and an ascending support line merge, signifying consolidation. As the price reaches the top of this pattern, it usually breaks out in the trend. For the previous week, Bitcoin's daily candlestick price movement has been lower highs and higher lows. This structure has tightened the Bitcoin price range, which will break out in either direction. Bitcoin's rise predicts a breakthrough over the symmetrical triangle's top trendline, slightly around $91,000. Analysts need a trading volume surge and two consecutive closes above the trendline to validate a breakthrough. The Stockmoney Lizards said, āThe current setup suggests a potential breakout to the next level. All sights on 100k. Retail investors will destroy the confectionery shop and the fun begins.ā If verified, such a breakthrough may push Bitcoin beyond $100,000, triggering a flood of inflows into other cryptocurrencies. Bitcoin's Next Goal: $100,000 Since the bull cycle began, Bitcoin fans and experts have focused on $100,000. Since Bitcoin went over its March high of $73,737 earlier this month, demands for a $100,000 price goal have increased. In the previous 24 hours, Bitcoin has hit $92,653 and is now at $91,770. After Stockmoney Lizards' technical analysis, it broke out of the symmetrical triangle. Interestingly, the analyst updated his research to note this breakthrough. #BTC93KNewATH #BitcoinETFOptions #BitcoinStrategy $BTC
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Which type of articles do you prefer on my BinanceSquare feed? Your opinion matters! Let me know what you would like to see more: 1ļøā£ Informative articles: Covering trending topics and providing detailed explanations. 2ļøā£ Cryptocurrency analysis: Insights, predictions, and in-depth market reviews. š Cast your vote below and shape the content! #BTC93KNewATH #MEMEalpha #BitcoinStrategy
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A US Bitcoin Reserve, Says Expert, Will Drive Price Over $1 Million
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Bitcoin, Ethereum, Ripple: BTC peaks above $93,900 Bitcoin hits a new high of $93,900 on Tuesday, indicating an uptrend. Ethereum is retreating toward $3000, its crucial support level. Resistance at $1.13 suggests a short-term pullback for ripple price. Bitcoin (BTC) hit a record $93,900 on Tuesday, indicating a move toward $100K. However, Ethereum (ETH) and Ripple (XRP) displayed weakness and predicted a decline at important resistance levels. Bitcoin bulls want $100K. Bitcoin hit $93,905 on Tuesday, a record high. Wednesday's trading price is $91,900, down marginally. BTC might climb above $100,000, a psychological milestone, if it continues. BTC might fall to roughly $85,000 (November 12 low) if it breaks $87,000. A successful closing below this level might precipitate a sell-off to $78,800 (the 141.4% Fibonacci extension from July's high of $70,079 to August's low of $49,000). Ethereum will fall if it closes below $3,000. Ethereum price declined more than 7.8% until Tuesday after facing resistance around the weekly level of $3,454 on November 12. On Wednesday, it keeps falling near $3,100, reaching the psychologically critical $3,000. If ETH falls below $3,000, it may retest its 200-day Exponential Moving Average of $2,806. ETH will climb to retest its psychologically crucial $4,000 barrier if it breaks and closes above weekly resistance at $3,454. With rejection near $1.13, Ripple price will fall. After numerous rejections around $1.13 since Sunday, Ripple price fell little till Tuesday. Even Wednesday, it trades around $1.08. Suppose XRP falls below $1.13. Retesting $0.938 support might prolong the drop. If XRP closes over $1.13, it will climb to $1.37, its daily barrier level. #BTC93KNewATH #XRP #ETH $BTC
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Crypto Analyst Defines Dogecoin Price Top for Cycle Meme coin Dogecoin seems to be consolidating below $0.4. In the previous five days, Dogecoin has dropped below $0.4 to $0.343. DOGE's price performance will raise the question of whether this bull cycle has peaked. Not all market participants share this view. This cycle's Dogecoin peak? The Dogecoin price surge has halted from November 13's three-year high of $0.4265. Kevin noted that the Dogecoin price has more opportunity to grow using an interesting technical signal. His study implies DOGE's price peak for this cycle might reach $3.9, quadrupling its all-time highs. Kevin's prediction depends on a novel use of the Pi Cycle topping indicator, typically utilized for Bitcoin but remarkably accurate in monitoring Dogecoin price behavior per cycle. He says the indicator, which combines two moving averages with the Monthly Relative Strength Index (RSI), has properly anticipated Dogecoin price peaks and bottoms for years. In particular, the weekly candlestick Dogecoin price chart that accompanies this prognosis indicates that the Pi Cycle successfully anticipated 2018 and 2021 cycle peaks and troughs. The expert noted that Dogecoin's Pi Cycle tops indicator's moving averages are trending in the same direction but not yet crossing. It seems like Dogecoin has more space for growth before its expected peak. Kevin predicts a price peak of $3.9 using the 1.618 Fibonacci extension level from this cycle's Pi Cycle low. Historical Dogecoin price history shows that cycle peaks in 2018 and 2021 corresponded with the same Fibonacci extension level from their Pi Cycle lows. The analyst also recommended monitoring intermediate price ranges like $0.9 to $1.3 and $2.3 to $2.7 as thresholds for the expected cycle peak. With 146.86 billion DOGE tokens in circulation, a $3.9 Dogecoin price would value it at $572 billion. Dogecoin is now trading at $0.389, up 3.5% in 24 hours and down 5.2% in 7 days. The $3.9 Dogecoin price objective is 902% higher than the current price. #MEMEalpha #DOGE $DOGE
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