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Is Bitcoin Price Returning To $74,000? Analyst Identifies Pattern That Suggests So

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Is Bitcoin Price Returning To $74,000? Analyst Identifies Pattern That Suggests So - NewsBTC

Quick Summary:

However, the price of BTC appears to be enjoying only a temporary relief, as a prominent crypto analyst has identified a pattern that could decide the coin’s trajectory over the next few weeks.  BTC At Risk Of Another Correction Due To Double Top Pattern In an April 11 post on the X platform, crypto analyst Ali Martinez shared an interesting outlook on the price of Bitcoin following its recent recovery rally.

Related Reading: XRP Price Flashes Symmetrical Triangle From 2017, A Repeat Could Send It as Flying To $30 This bearish prediction is based on the potential formation of the "double top” pattern on the BTC hourly chart.

Interestingly, the above chart shows that the Bitcoin price just completed a "double bottom” pattern — the opposite iteration of the Double Top — on the hourly timeframe.

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Is Bitcoin Price Returning To $74,000? Analyst Identifies Pattern That Suggests So - NewsBTC (Picture 1)

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-13 @ 00:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 408 words

Reading Time: 3 minutes read

Sentences: 65 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 27819777

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About NewsBTC

NewsBTC Logo

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 8 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 11 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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  • URL: https://chronographically.beamstart.com/news/is-bitcoin-price-returning-to-17445036094530

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