Imminent BTC price breakout; Bitcoin forming path to $350,000 spike
As Bitcoin (BTC) seeks to reclaim the $70,000 resistance, a prominent analyst has suggested there is room for more excitement as the maiden cryptocurrency is building momentum toward a six-figure record high. Precisely, the analyst has termed the current price movement as ‘noise’ and indicated that a larger move is likely brewing, pointing out that the asset is forming a cup-and-handle pattern, as Ali Martinez stated in an X post on September 29. Bitcoin price analysis chart. Source: TradingView/Ali_Charts As a reminder, the cup-and-handle formation is among the most bullish chart patterns. It emerges when an asset’s price follows a rounded, concave trajectory followed by a smaller consolidation period before breaking out to the upside. Picks for you China's stock market has gone parabolic this week; Will others f...