Bitcoin came to the point of decision on Wednesday and made its breakout to the upside. The yearly high of $49,000 is now firmly within its sights.
With a backdrop of war and severe economic uncertainty, bitcoin appears to be doing what it was created to do, and that is to provide safety for wealth outside of a fiat currency system designed to do the opposite, and extract wealth.
Bitcoin breaks the ascending triangle
Source: Coingecko/Trading View
The next step on bitcoin’s journey looks to have been achieved, which is a breakout of the ascending triangle. $BTC has confirmed the top of the triangle now, and therefore it would appear that the price is likely to go higher.
Traders always need to err on the side of caution, so if the price should break back into the triangle and then break below and confirm, $BTC would be heading back down to lower levels.
Next stop: $47,000?
That said, it does look quite rosy for bitcoin here. The overall correction from the $49,000 yearly top was arou
We współpracy z: https://cryptodaily.co.uk/2024/02/bitcoin-breaks-out-heading-to-new-highs
