NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

This Massive Ascending Triangle Could Send Bitcoin Rocketing Higher

Cole Petersen
Cole Petersen
1 year ago
2 mins read
Bitcoin

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.

Bitcoin’s turbulent price action over the past few days hasn’t offered too many insights into its near-term trend, as the crypto has yet to break above or below any key technical levels.

Analysts are now pointing to the emergence of a highly bullish pattern that may have major implications on its near-term outlook.

This ascending triangle has been formed over the past couple of weeks, with the upper and lower boundaries of the pattern both being confirmed on multiple occasions.

If validated, this pattern could allow the benchmark cryptocurrency to post significantly further gains in the coming weeks once it is able to break above its upper boundary at $12,000.

This pattern also comes as Bitcoin begins flashing some signs of overt strength due to its strong reaction to its support at roughly $11,200 that was tapped overnight.

The confluence of this pattern with a strong market structure seems to indicate that a breakout rally is imminent.

Bitcoin Shows Signs of Strength Following Overnight Plunge

At the time of writing, Bitcoin is trading up just under 2% at its current price of $11,550. This is around where it has been trading at following its overnight rebound.

The selloff faced yesterday evening led it to lows of $11,150 before it met a massive influx of buying pressure.

This sharp decline nearly invalidated the strength that the crypto has built over the past week, but it appears that bulls have prevailed over bears.

It now seems that the crypto may see further near-term upside, as one analyst is explaining that the ongoing break above $11,550 is technically significant.

He notes that a sustained bout of trading above this level could open the gates for “another crack at breaking $12,000.”

“Bitcoin: Took out the highs then took out the lows into demand, all within the range of the candle that started the month with a HTF retest. Above the pivotal zone and swing high at $11550 and we should have another crack at breaking $12k.”

Bitcoin

Image Courtesy of HornHairs. Chart via TradingView.

This Ascending Triangle May Propel BTC Significantly Higher

While speaking about Bitcoin’s near-term outlook, one analyst explained that a recently formed ascending triangle might be enough to boost it significantly higher.

“Certainly not out of the woods, but BTC setting up really nicely on the 4h with this back to back doji/tweezer look. A reversal here starts to setup a nice look at a possible ascending triangle, which I’ve drawn a lot of lately, but they just keep painting.”

Image Courtesy of Jonny Moe. Chart via TradingView.

Unless Bitcoin retraces the gains it has posted throughout the past several hours, it does appear that it is poised to see further upside.

Featured image from Unsplash.
Charts from TradingView.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

ethereum

Ethereum’s Latest Rally Fueled By Large-Scale Binance Orders, Analyst Says

Fresh data from Binance shows that Ethereum (ETH) average order size has been trending upward since late July 2025, signaling...

Ash Tiwari 4 hours ago
Bitcoin

Metaplanet Becomes A Global Bitcoin Powerhouse with 20,000 BTC Hoard, More Buys Ahead?

In a notable achievement, Metaplanet has made headlines by significantly expanding its Bitcoin treasury, reaching a total of 20,000 BTC....

Godspower Owie 5 hours ago
dogecoin_doge_dogeusd_5_optimized

Dogecoin Price Set For Explosive Rally If This Structure Holds

The Dogecoin price is at a significant decision point on the chart, and according to a new analysis posted on...

Sandra White 6 hours ago
Load More

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.

Related News

Bitcoin Price Recovery Hopes Rise

Bitcoin Price Recovery Hopes Rise – Can Bulls Push It Past Resistance?

Aayush Jindal 23 minutes ago
Solana SOL SOLUSD

Solana Bulls Eye $300 as Alpenglow Upgrade Sparks Institutional Interest

James Halver 40 minutes ago
Mastercard

Mastercard Stresses Crypto Is An Enhancement, Not A Substitute

Christian Encila 1 hour ago

Premium Sponsors

Press Releases

  • 12億ドルの売り越し、市場は調整局面に突入か?

    イーサリアム...

    5 hours ago
  • ビットコイン...

    6 hours ago
  • シバコイン 今後の行方

    シバコイン...

    6 hours ago
  • パイネットワーク...

    6 hours ago
  • 1 najbolja kriptovaluta za kupiti prije nego što poraste za 3.536%, prema Cathie Wood (ARK Invest)

    1 najbolja kriptovaluta za kupiti prije nego što poraste...

    7 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.