Bitcoin (BTC) appears remarkably The upscale patterns Its price is also hovering on the mark of $ 97,000. Technical analysis indicates rare correspondence in Bitcoin workBy comparing the leading cryptocurrency with previous trends and predicting the sharp move to the highest levels ever.
The work of bitcoin reflects the symmetry patterns
Bitcoin’s detailed analysis by TradingView, “Tradingshot”, “Tradingshot”. Reveal I wore a bitcoin recently Mobile average for 100 days (MA). This level of critical support that has already led to a Group the huge price In January 2024, the original price procedure reflects its behavior from the previous year, as it has sparked a similar rise from the MA100 and the appearance of the arms of the rise of the BTC’s payment march to the highest new level ever ever ever.
The analyst shared a scheme indicating that Bitcoin is moving now.Channel-A parallel upward channel indicates a possible upper-term trend in the long run. Within this style, Tradingshot reveals two accumulation channels, with a highlight of a period where Bitcoin price merges Before continuing his upward move.
From 2023 to 2024, Bitcoin witnessed its first accumulation channel. Currently, the crystallized currency is the leading channel of its second accumulation channel, preparing to break over it because it aims to recover and recover.
After strictly analyzing the Bitcoin price movements, tradingshot “identified” the amazing symmetry based on the Rocal Power Index of the Second Fuctalin. ” The analyst has revealed that the channel’s style is up is a long -term dominant index. It is likely that the BTC price will be directed to The summit of the course. He also revealed that BTC started the process of breaking this style and perhaps repetition of the previous upsurgers that would push it to the peak of the canal style in the long term.
Ascending to the analyst Relative power index (RSI) He sits near the level of Bitcoin of $ 97,000 between the two accumulated channels. On the current accumulation channel, the time breaks between the high indicators of the relative strength reflects the closeness of those in the previous channel between 2023 and 2024.
The analyst notes that in each of the accumulation channels in the past and present, there were 25 days between the second and third RSI height. Moreover, the gap between the highest and fourth RSI levels is 32 days in the current channel and 34 days in the previous channel.
This semi -perfect upper symmetry shows that the current price procedure may follow the same previous trends, which indicates a Continuing the potential ascending To the highest new level ever.
Fibonacci expectations indicate $ 145,000 by March
Depending on the upcoming symmetry patterns, Tradingshot A defined A new goal ever for Bitcoin. The analyst was distinguished by the extension level of Fibonacci 2.618 in both sessions on the graph. In the first session, BTC has seen a huge gathering that pushed it to a new ATH around the level of $ 73,000.
The expected peak of the current market for the encoded currency is 145,000 dollars based on the same percentage of Fibonacci, which was highlighted in the Green Zone on the graph. Tradingshot expects that Bitcoin price It can reach this bullish goal between March and April 2025, assuming that the upscale symmetry pattern follows historical trends.
Distinctive image from Istock, Chart from TradingView.com
