Bitcoin Price On The Verge Of 15% Breakout As Analyst Spots This Formation

Quick Summary:

The current pattern hints at a possible 15% swing in either direction, and with Bitcoin now hovering around $83,000, the stakes are high.  Triangle Pattern Forms As Bitcoin Compresses Between Lower Highs, Higher Lows Martinez’s highlight of a triangle formation examines Bitcoin’s price action since March 7, when it briefly crashed from $91,000 until it broke below $80,000.

Since then, Bitcoin’s price action has been highlighted by the formation of lower highs, higher lows, and an increasingly tightening range, all of which are classic parts of a triangle pattern formation.  Bitcoin is currently trading right in the heart of this tightening range.

Image From X: @ali_charts Analyst Predicts 15% Move, Warns Traders To Watch Closely Martinez’s analysis points to a significant price shift once Bitcoin breaks out of the triangle.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Cryptocurrency Bitcoin Bitcoin price Bitcoin Technical analysis Btcusd Btc

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-06 @ 15:30:04 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 457 words

Reading Time: 3 minutes read

Sentences: 65 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 27623477

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Main Topics: Crypto

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