Fun

Bitcoin’s Bullish Pattern Returns – Is A Massive Uptrend Imminent?

News Feed - 2025-03-23 08:03:15

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


Most of the last trading week presented another stale price action in the Bitcoin (BTC) market undergoing a sustained consolidation. While the premier cryptocurrency recorded a price breakout on March 20 to reclaim the $87,000 price zone, selling pressure soon forced a return to below $84,700,  resuming a sideways movement. Meanwhile, Bitcoin’s price action over the past few months has created a bullish pattern hinting at a substantial price breakout. Related Reading Is It Time To Buy The Bitcoin Dip? Analysts Share Insights On Current Market Conditions 2 days ago Bitcoin Falling Wedge Signals Another Major Rally- How High Can BTC Fly?


In arecent post on X, a digital asset market analyst with the username Mister Crypto provided some bullish insights on the Bitcoin market based on a continuation chart pattern and historical price data. According to Mister Crypto, Bitcoin’s price appears to be forming a falling wedge suggesting a possible price surge could occur upon breakout. The falling wedge is a familiar bullish pattern in technical analysis formed by two converging trend lines due to price action forming lower highs and lower lows. It usually indicates that bearish momentum is weakening and Bitcoin could embark on a sustained uptrend following a breakout from the upper trend line. Source: @misterrcrypto on X


Interestingly, Mister Crypto notes that Bitcoin has consistently experienced strong price rallies following previous formations of a falling wedge as indicated in the chart above. Notably, there have been three distinct cases in the past two years during which the premier cryptocurrency has surged for an average of 54 days producing an average gain of 67.5%. Looking at the previous periods and the gradual rise in price gain, Bitcoin could rise by an estimated 77% upon a confirmed breakout from its current falling wedge suggesting a strong bullish market in the majority of Q2 2025. Related Reading XRP Price To $27: Why Current ‘Boredom Phase’ Could Trigger Epic Rally 21 hours ago Investors Move 10,000 BTC As Market Confidence Rises


In other news, renowned market analyst Ali Martinez reports an ongoing surge in Bitcoin exchange outflows despite the current market uncertainty.  Using data from CryptoQuant, Martinez notes that investors have transferred 10,000 BTC valued at $842.9 million from crypto exchanges to personal decentralized wallets.


This development is strongly bullish as it indicates growing market confidence in price appreciation as investors are opting to keep their assets rather than sell. 


At the time of trading, Bitcoin trades at $84,309 reflecting a price loss of 0.14% in the past 24 hours. Meanwhile, the flagship crypto asset is down by 0.39% on the 7-day chart as consolidation continues. BTC must decisively break above $84,700, avoiding any retrace to confirm any intent of an uptrend. However, other immediate resistance will lie at $86,800 and $90,774. BTC trading at $84,313 on the daily chart | Source: BTCUSDT chart on Tradingview.com Featured image from Forbes, chart from Tradingview

News Feed

Cointelegraph Innovation Circle8 hours ago13 developments that could kindle the public’s interest in the crypto industryA combination of trends already underway and deliberate industry action could lead to crypto’s w
SEC Chairman Says Satoshi Nakamoto’s Innovation Is Real, Crypto Rules Are Clear
SEC Chairman Says Satoshi Nakamoto"s Innovation Is Real, Crypto Rules Are Clear The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler,
Number of crypto ATMs installed nears its all-time record
Brayden Lindrea3 hours agoNumber of crypto ATMs installed nears its all-time recordThe 2,564 cryptocurrency ATMs installed so far in 2024 are on track to surpass the 2,861 machines removed in 2023.1532 Total views6 Total
Ezra Reguerra10 hours agoBlockchain gaming sees $2.3B in investments year-to-date: ReportData from decentralized app tracking platform DappRadar shows that $600 million in investments flowed into the blockchain gaming sp
Lego Prepares a Metaverse Collaboration With Epic Games to Target Digital Markets
Lego Prepares a Metaverse Collaboration With Epic Games to Target Digital Markets Lego, the Danish toy company famous for its colorful plastic bricks, expects to diversify its ente
Bitcoin Volatility Hits Three-Year Low, Sparking Fears of Massive Sell-Off
Bitcoin Volatility Hits Three-Year Low, Sparking Fears of Massive Sell-OffThe cryptocurrency data analytics and research company, Skew has warned that bitcoin could see a massive se
Accuweather Collaborates With API3 in Order to Provide Blockchain-Powered Weather Data
Accuweather Collaborates With API3 in Order to Provide Blockchain-Powered Weather Data On June 1, the American media company that provides commercial weather forecasts, Accuweather
An In-Depth Look at the Couple Accused of Laundering 94,636 Bitcoin From the 2016 Bitfinex Hack
An In-Depth Look at the Couple Accused of Laundering 94,636 Bitcoin From the 2016 Bitfinex Hack On Tuesday, the U.S. Department of Justice (DOJ) arrested two individuals that are a
NFT Sales Jump 10% Higher Than Last Week, Cryptopunk #4,464 Sells for $2.6 Million
NFT Sales Jump 10% Higher Than Last Week, Cryptopunk #4,464 Sells for $2.6 Million While digital currency markets have dropped in value during the last two months, weekly non-fungi
Tom Blackstone8 hours agoOptimism network launches testnet fault-proof system in pursuit of decentralizationOP Labs implemented its modular fault-proof system on the OP Goerli testnet.1343 Total views26 Total sharesListe
The Founder of Wallstreetbets Jaime Rogozinski Discusses Defi, NFTs, and Crypto Regulation
The Founder of Wallstreetbets Jaime Rogozinski Discusses Defi, NFTs, and Crypto Regulation In 2021, the subreddit forum r/wallstreetbets, also known as Wallstreetbets (WSB) became
Ezra Reguerra10 hours agoBruce Lee avatar to teach martial arts in the metaverseThose who wish to participate can do so by minting their avatars on the Polygon and Ethereum blockchains.1663 Total views26 Total sharesList