The post Biggest Breakout! Bitcoin Surpasses $62,000—$71,000 Next? appeared first on Coinpedia Fintech News
Bitcoin (BTC), the world’s biggest cryptocurrency has seen a notable breakout of the crucial $62,000 level after struggling for almost 20 days. Based on the price action and technical analysis, this is a breakout from a bullish ascending triangle, which may lead to a significant upside rally in the coming days.
Biggest Breakout in Bitcoin
This breakout alone may not be sufficient for a massive upside rally. For a significant rally to occur, BTC needs to close a daily candle above the $62,200 level.
Bitcoin Price Prediction
According to expert technical analysis, Bitcoin is in an uptrend as it is trading above the 200 Exponential Moving Average (EMA) on a daily time frame. If BTC holds above the $62,200 level there is a high possibility it could rise to $68,000 and $71,000, its next resistance level.
Source: Trading View
Recently a prominent crypto expert made a
We współpracy z: https://coinpedia.org/news/biggest-breakout-bitcoin-surpasses-62000-71000-next/
