Bitcoin (BTC) May Rally to $80K on Triangle Break: Technical Analysis

The triangular consolidation has ended with a bullish breakout. (TradingView)


“If the breakout is bullish, which we suspect, bitcoin could climb above 80,000 during the next few weeks – if not earlier. Buying at $69,280 and setting a stop loss at $65,000 appears appropriate,” Markus Thielen, founder of 10X Research, said in a note sent to clients early Monday.


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