Bitcoin

<ul><li>Bitcoin&#39;s ascending triangle suggests a potential bullish breakout or consolidation before the next move.</li><li>Resistance at $68K-$70K could signal a new bullish phase if Bitcoin breaks above it with strong volume.</li><li>Failing to overcome resistance may lead Bitcoin to retest lower support levels, indicating potential bearish moves.</li></ul><a href="https://cryptotale.org/bitcoin-liquidations-hit-365m-market-purge-intensifies/" rel="noopener noreferrer nofollow">Bitcoin&#39;s</a> price has recently entered a period of calm, but the market is closely watching for potential shifts. The pioneer crypto has seen a 4.90% drop in the past 24 hours, trading at <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">$58,209.18</a> at press time. As noted by analyst Captain Faibik, the technical setup suggests that this week could be pivotal for Bitcoin.Analyzing the daily chart reveals an ascending triangle pattern, which typically indicates a bullish continuation. This pattern features a horizontal resistance line coupled with a rising support line, suggesting that Bitcoin may be consolidating before a possible breakout.Support levels are crucial in understanding Bitcoin&#39;s short-term price action. The range between $50,000 and $53,000 has historically been a strong support zone. Bitcoin has repeatedly bounced back from this area, making it a significant point for potential trend reversals. Additionally, the $56,000 mark has served as an intermediate support level. The price has fallen to this level after previous peaks, underlining its importance in the current market structure.<a href="https://cryptotale.org/bitcoin-remains-calm-this-week-for-a-major-breakout-eyes-70k/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Remains Calm This Week for a Major Breakout, Eyes $70K

CryptoTale

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