Rally

bullish

Bitcoin

Captain

PEPE

<p><a href="https://captainaltcoin.com/elite-crypto-trader-warns-of-bitcoin-crash-to-26k-despite-btcs-high-by-all-standards-performance/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin has been trading</a> within a Descending Broadening Wedge pattern for the past six months, as noted by crypto analyst Captain Faibik. According to his tweet, the BTC’s price is consolidating within this pattern, encountering resistance around the $69k to $70k level.&nbsp;</p>
<p>This resistance has proven difficult for the bulls to break, with multiple failed attempts in recent months. However, Captain Faibik suggests that this resistance may be weakening, increasing the likelihood of a successful breakout.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> Nothing has Changed yet..!!<br><br>Bitcoin has been consolidating within a Descending Broadening Wedge for the past 6 Months.<br><br>Breaking through the $69-70k Crucial Resistance level is essential for the bulls.<br><br>In the last 4-5 attempts, Bulls have failed to clear this level, but… <a href="https://t.co/hVyGwd6Tgt" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/hVyGwd6Tgt</a></p>— Captain Faibik <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f43a.png" alt="🐺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1829031459358691338?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 29, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="strong-technical-analysis-key-levels-and-market-sentiment-strong"><strong>Technical Analysis: Key Levels and Market Sentiment</strong></h2>
<p>The pattern, characterized by diverging trendlines, signals a potential reversal. <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noopener noreferrer nofollow">Bitcoin has respected the lower trendline</a>, which serves as support during downward movements, while the upper trendline represents a crucial resistance point.&nbsp;</p>
<p>The $69k to $70k level remains a formidable barrier, yet repeated tests have weakened it, potentially setting the stage for an upside breakout.</p>
<p>Captain Faibik highlights that a successful breakout could propel Bitcoin’s price to $100,000 in Q4. This prediction is based on the technical weakening of the resistance and the increasing bullish sentiment.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-strategic-considerations-for-traders-and-holders-strong"><strong>Strategic Considerations for Traders and Holders</strong></h2>
<p>For traders, Captain Faibik advises caution, particularly regarding leverage trading. The volatility near key resistance levels could lead to amplified losses if Bitcoin faces another rejection. Therefore, those involved in leverage trading should exercise prudence.&nbsp;</p>
<p>Long-term Bitcoin owners, however, are urged to maintain their optimism and patience. The waning resistance points to the possibility of a strong bullish trend, which implies that the Bitcoin bull run may be about to happen.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Next Meme Coin to Explode? Look No Further If You Are Looking for the Next PEPE or POPCAT
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>Meet <a href="https://thepandaworld.com/en" target="_blank" rel="noopener noreferrer nofollow"><strong>PandaWorld</strong></a>, the new meme coin currently selling at <a href="https://thepandaworld.com/en" target="_blank" rel="noopener noreferrer nofollow"><strong><em>discounted presale prices</em></strong></a>! The project was inspired by the adventures of six panda siblings, utilizing their unique abilities to bring together gaming, staking, and other features.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/why-is-immutable-imx-price-up/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Why Is Immutable (IMX) Price Up?</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-awaiting-a-decisive-breakout-strong"><strong>Awaiting a Decisive Breakout</strong></h2>
<p>In conclusion, Bitcoin is at a critical point as it continues to consolidate within the Descending Broadening Wedge. The resistance level at $69,000 to $70,000, though formidable, shows signs of weakening, increasing the probability of a breakout.&nbsp;</p>
<p>Should this occur, Bitcoin could reach the highly anticipated $100,000 mark in Q4, marking a milestone for the crypto</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/heres-when-bitcoin-price-will-pump-to-100k-as-btc-chart-signals-rally/" rel="noopener noreferrer nofollow">Here’s When Bitcoin Price Will Pump to $100K as BTC Chart Signals Rally</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Here’s When Bitcoin Price Will Pump to $100K as BTC Chart Signals Rally

Table of Contents

CaptainAltcoin

Other articles published on Aug 29, 2024

Alchemy acquires Romania-based Web3 infrastructure firm Bware Labs

Mudrex Secures Court Order to Shutdown Scam Websites

Dogecoin Holds Ground, MoonTaurus Sets Sights on 2030, and MoonBag Offers Phenomenal Returns

PolitiFi in Crypto: Combining Politics and Blockchain

Shiba Inu Announces DAO Initiative to Strengthen Decentralized Governance

Retail Traders are Shorting BTC Again: Should you be Bullish or Bearish on Bitcoin?

Join our free newsletter for daily crypto updates!