Tag: Ownership Structure

Bitcoin (BTC) is poised for a possible rise after forming a bullish technical pattern and bring in a wave of institutional financial investment. The world's leading cryptocurrency just recently exceeded the $70,000 mark, setting the phase for a possible breakout that might eclipse its present all-time high of $73,750. This positive outlook originates from expert Ali Martinez, who recognized a bull flag pattern on Bitcoin's 4-hour chart. This technical sign generally follows a considerable cost boost and symbolizes a debt consolidation duration with a small down pattern. The reducing trading volume throughout this stage recommends a short-lived time out rather than a turnaround, possibly leading to a restored uptrend. Confirming The Bull Flag Pattern: Bitcoin Consolidation Phase Analysis B...