bullish

Bitcoin

Time

<p>The price of Bitcoin has broken above $91,000 today, continuing its bullish run. This is good news for the crypto market, as the positive sentiment that follows affects other cryptocurrencies.</p> 
<p>Top analysts have also been making various bullish predictions about Bitcoin. with many believing it will reach $100,000. Crypto analyst Alli has a much higher target, suggesting that the price of BTC may go above $200,000.</p> 
<h2 class="wp-block-heading" id="break-out-from-cup-and-handle-pattern">Break Out from Cup and Handle Pattern</h2> 
<p><a href="https://x.com/ali_charts/status/1856710863023190231" target="_blank" rel="nofollow">According to Alli</a>, the price action of Bitcoin shows a classic <a href="https://www.cmcmarkets.com/en/trading-guides/cup-and-handle-pattern#:~:text=A%20cup%20and%20handle%20pattern%20is%20formed%20when%20there%20is,the%20size%20of%20the%20cup." target="_blank">cup-and-handle pattern.</a> This is traditionally seen as a bullish signal in technical analysis. This pattern consists of a rounded bottom, which began forming in late 2022 and reached its lowest point in early 2023. </p> 
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<p>Following this low, Bitcoin’s price has been on an upward trend, completing the right side of the cup. The handle took shape around the $65,000 mark, where the price broke out.</p> 
<p>With the price currently trading at around $92,000, the first significant resistance level is at approximately $154,699, identified by the 1.618 Fibonacci extension. </p> 
<p><strong><em>Read Also:<a href="https://captainaltcoin.com/heres-why-this-analyst-expects-sui-price-to-hit-4/" target="_blank"> Here’s Why This Analyst Expects SUI Price to Hit $4</a></em></strong></p> 
<p>Beyond that, a more ambitious target of around $384,067 is indicated by the 2.272 extension. However, Alli’s target of $255,000 appears more moderate, positioned between these levels.</p> 
<h2 class="wp-block-heading" id="robinhood-listing-sol-pepe-and-some-other-crypto">Robinhood Listing SOL, PEPE, and Some Other Crypto</h2> 
<p>In related news, Robinhood has expanded its cryptocurrency offerings. The firm is adding <a href="https://crypto.com/price/solana" target="_blank">Solana (SOL)</a>, Pepe (PEPE), Cardano (ADA), and XRP (XRP) to its U.S. trading platform. This brings its total crypto offerings to 19 digital assets.</p> 
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr">JUST IN: Robinhood to list <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$PEPE</a>, Solana <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SOL</a>, Cardano <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ADA</a>, and <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$XRP</a>.</p>— Watcher.Guru (@WatcherGuru) <a href="https://twitter.com/WatcherGuru/status/1856697323872539113?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 13, 2024</a>
</blockquote>  
<p>Johann Kerbrat, Vice President and General Manager of Robinhood Crypto, mentioned that the platform is aiming to increase access to crypto.</p> 
<p>He said the company is expanding its digital asset offerings to meet customer needs. This will make financial services more accessible to previously excluded groups.</p> 
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<p>The post <a href="https://captainaltcoin.com/bitcoin-price-breaks-91k-for-the-first-time-why-is-the-crypto-market-up-today/">Bitcoin Price Breaks $91k For the First Time – Why Is the Crypto Market Up Today?</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Bitcoin Price Breaks $91k For the First Time – Why Is the Crypto Market Up Today?

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