Fun

Bitcoin Price Forms This Bullish Pennant On Daily Chart That Could Trigger Rise To $137,000

News Feed - 2025-04-14 11:04:19

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.


Crypto analyst Titan of Cryptohas raised the possibility of the Bitcoin price rallying to as high as $137,000. The analyst highlighted a bullish pattern that shows the flagship crypto can reach this ambitious price target.  Bitcoin Price Could Rally To $137,000 As Bullish Pennant Forms


In an X post, Titan of Crypto suggested that the Bitcoin price could reach $137,000 at some point. This came as he revealed that BTC has formed a bullish pennant on the daily chart. The analyst remarked that if this plays out, a new all-time high (ATH)could be reached, regardless of the current market sentiment.  Related Reading This Crypto Analyst Predicted The Bitcoin Price Crash At $97,000, He Just Released Another Forecast 4 days ago


His accompanying chart showed that $137,129 was the target for the Bitcoin price as it eyes a rally to new highs. The analyst indicated the key was to see if the flagship crypto could break to the upside in the coming weeks. In the meantime, BTC looks to be facing a lot of resistance and bearish pressure. Source: Titan of Crypto on X


In his Ichimoku cloud analysisof the Bitcoin price action, the analyst stated that BTC is now facing resistance with a fair gap value and entry into the Kumo cloud. He outlined two scenarios that could play out for the flagship crypto. The first is a continuation through the cloud, while the second is a retest of the Kijun and the trendline before continuation. 


His accompanying chart indicated that the key was to break above the range of around $84,000. A successful breakout from this range could lead to a rally to as high as $92,000. This could eventually pave the way for the Bitcoin price to rally to new highs, especially with the psychological $100,000 level in sight once BTC reclaims $92,000.  Key Resistance At $86,000


In an X post, crypto analyst Ali Martinezrevealed that $86,000 is a key resistance zone for the Bitcoin price. He stated that a rejection from this zone could send BTC back to $79,000. However, a breakout might open the path for the flagship crypto to rally to as high as $97,000.  Related Reading Crypto Analyst Warns Of Volume Drop That Could Trigger 60% Bitcoin Price Crash To $49,000 1 week ago


Crypto whales are still actively accumulating BTC, which is positive for the Bitcoin price. Martinez revealed that 37,000 BTC have been withdrawn from exchangesin the past 24 hours, which the analyst noted is a strong signal of accumulation.


Crypto analyst Kevin Capital believes that the Bitcoin price structure is still bearish for now. In an X post, he stated that a break above $89,000 would mean BTC is back in action. Until then, he asserted that there is no real reason to get overly hyped at the current level. 


At the time of writing, the Bitcoin price is trading at around $84,600, up in the last 24 hours, according to datafrom CoinMarketCap. BTC trading at $84,709 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com

News Feed

Bank of America Patents Method Using Ripple Technology
A non-utility patent filed by Bank of America has Ripple fans in high spirits today. The patent, which is dubbed “Real-time net settlement by distributed ledger system,” directly references Ripple’s di
SEC Drops the Ball on Crypto Regulation and There Are Long-Term Consequences, Says Commissioner
SEC Drops the Ball on Crypto Regulation and There Are Long-Term Consequences, Says Commissioner A commissioner with the U.S. Securities and Exchange Commission (SEC) has warned tha
Ethereum DApp volume surges by 83%, but there could be a catch
Marcel Pechman3 hours agoEthereum DApp volume surges by 83%, but there could be a catchEthereum network volumes have soared, but a single decentralized application accounted for 59.5% of the entire network’s volume.920
ETH Mixer Tornado Cash Reveals Blocking OFAC Sanctioned Ethereum Addresses via Chainalysis Oracle Contract
ETH Mixer Tornado Cash Reveals Blocking OFAC Sanctioned Ethereum Addresses via Chainalysis Oracle Contract According to the project’s official Twitter account, Tornado Cash,
Will Bitcoin Fall to $13,800? — What an 80% Drawdown Will Look Like From Here
Will Bitcoin Fall to $13,800? — What an 80% Drawdown Will Look Like From Here On Monday, June 15, 2022, the price of bitcoin tapped a low not seen since mid-December 2020 as the
Crypto is ‘too big to ignore’ for the charitable sector
Robert D. Knight10 hours agoCrypto is ‘too big to ignore’ for the charitable sectorA growing number of charities and nonprofits are embracing cryptocurrency.397 Total views6 Total sharesListen to article 0:00Analysis
Gareth Jenkinson10 hours agoBybit debuts AI-powered ‘TradeGPT’ for market analysis and data-driven Q&ACryptocurrency exchange Bybit has released a free AI-powered trading assistant that delivers insights from the
Peter Schiff Claims Grayscale Will Sell BTC to Fund DCG’s Acquisition of GBTC Shares Rebuffed
Peter Schiff Claims Grayscale Will Sell BTC to Fund DCG"s Acquisition of GBTC Shares Rebuffed Gold bug and bitcoin opponent, Peter Schiff has alleged that the Di
Core Scientific seals $100M deal with CoreWeave as miners diversify cash streams
Ana Paula Pereira6 hours agoCore Scientific seals $100M deal with CoreWeave as miners diversify cash streamsCore Scientific has leased a former Hewlett Packard data center in Austin, Texas, to host CoreWeave’s infrastr
Arijit Sarkar11 hours agoCoinbase launches regulated crypto futures services for US retail tradersCoinbase Advanced customers in the U.S. can trade nano-sized futures contracts sized at 1/100th of a Bitcoin and 1/10th of
Bitcoin Breaking Out Of 7-Month Accumulation Channel: Expert Predicts Further Upside
Este artículo también está disponible en español. Bitcoin is at a pivotal moment after surging past the $68,000 mark and setting a new local high, confirming its bullish
Jesse Coghlan30 minutes agoThai crypto investors turn to tarot cards, divine signals to predict marketA Thai fortune teller once purpotedly predicted when the crypto market would recover last year, claiming they were tol