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Bitcoin price was stuck in a tight range today, July 29, as most market participants focused on the upcoming Federal Open ...
Bitcoin (BTC) experienced a potential deeper pullback during Asia trading hours on Monday, after consolidating near $117,000.
Bitcoin price may be on the cusp of a strong bullish breakout after forming highly bullish chart pattern. What next for the ...
Gold’s narrowing range and breakout potential suggest rising volatility ahead, with a sustained move above $3,451 targeting Fibonacci and ABCD projection levels.
Gold trades at a critical support zone, with a breakdown threatening the bull pennant and a deeper pullback if $3,310 doesn’t ...
The price target for pennants is often established by applying the initial flagpole's height to the point at which the price breaks out from the pennant. For instance, if a stock rises from $5.00 ...
The pennant structure provides a potential target of 3.78. That is above the 2023 peak of 3.64. Nevertheless, it is still a way away and the target may never get hit.
Also, the pattern forming around support of the moving averages, especially the 200-Day MA, increases the chance for a bullish breakout. However, a failure of the pattern is always possible.