Dogecoin

bullish

Bitcoin

Strong

<p><br>Crypto analyst “@CryptoJelleNL” reported that <a href="https://captainaltcoin.com/bitcoin-price-pumps-following-big-economic-news/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> has spent months building a huge bullish flag right below its all-time highs over the past year. He said the breakout from this pattern could drive Bitcoin’s price to $90,000 rapidly.</p>
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<h2 class="wp-block-heading" id="bitcoin-s-chart-analysis-a-strong-bullish-flag-formation">Bitcoin’s Chart Analysis: A Strong Bullish Flag Formation</h2>
<p>The chart analysis reveals<a href="https://captainaltcoin.com/this-bitcoin-pattern-signals-80k-is-the-next-target-for-btc-price/" target="_blank" rel="noopener noreferrer nofollow"> that Bitcoin</a> has been fluctuating within a clearly defined bullish flag since late 2023. This pattern typically indicates a period of consolidation before a potential continuation of the previous upward trend. Bitcoin’s current price, around $63,438, remains within the bounds of this flag.</p>
<p>The flag consists of two parallel trendlines that have contained the price movements over the past several months. Such patterns often signal the possibility of a bullish breakout, especially as Bitcoin has yet to break above the upper resistance line. If it does, the rally could be swift, with the next major target set at $90,000.</p>
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<p class="has-text-align-center"><br><em>Image Source:<a href="https://x.com/CryptoJelleNL/status/1836749741717131521" target="_blank" rel="noopener noreferrer nofollow"> X/CryptoJelleNL</a></em></p>
<p>With CryptoJelleNL’s prediction, the analysis indicates that the cryptocurrency is positioned just below its all-time highs, which strengthens the bullish outlook.&nbsp;</p>
<p>Moreover, <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s price </a>action reflects a strong bullish sentiment. The ongoing consolidation below the highs suggests that Bitcoin could be in an accumulation phase, waiting for the right moment to push higher.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/return-of-meme-coin-mania-dogecoin-price-is-gearing-up-for-a-massive-breakout-analyst-points-to-these-key-signals/" target="_blank" rel="noopener noreferrer nofollow">Return Of Meme Coin Mania? Dogecoin Price Is Gearing Up For a Massive Breakout, Analyst Points to These Key Signals</a><br></em></strong></p>
<h2 class="wp-block-heading" id="bitcoin-consolidating-before-the-next-move">Bitcoin Consolidating Before the Next Move</h2>
<p>The flag pattern’s position below Bitcoin’s previous peak of over $70,000 gives it additional strength. Such consolidation near all-time highs often signals an impending breakout, as long as the support holds and the price doesn’t slip below key levels.</p>
<p>Moreover, the analysis suggests that Bitcoin is maintaining a neutral position within the flag. This neutral phase could be setting the stage for a strong bullish move, assuming the price eventually clears the resistance and confirms the breakout.</p>
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<p>The post <a href="https://captainaltcoin.com/how-bitcoin-price-spent-the-past-months-building-a-huge-bullish-pattern-90k-will-come-quickly/" rel="noopener noreferrer nofollow">How Bitcoin Price Spent The Past Months Building a Huge Bullish Pattern – $90K Will Come ‘Quickly’</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

How Bitcoin Price Spent The Past Months Building a Huge Bullish Pattern – $90K Will Come ‘Quickly’

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