Bitcoin Price Breaking Out Of This Pattern — Can BTC Reclaim $90,000?
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Bitcoin price has shown good signs of recovery over the past few days, briefly returning over $85,000 for the weekend. although Price of BTC At the end of this weekend of 2025, the Prime Minister’s cryptocurrency hopes to have a different journey in the next few days.
Is $90,000 the next stop for Bitcoin price?
Fortunately, the world’s largest cryptocurrency seems to be promising after crypto analyst Ali Martinez brought to X platform to X platform share Bitcoin price has an exciting bullish prognosis. According to traders, the price of BTC may be reaching a psychological $90,000.
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The rationale behind this positive prediction is that there is an upward triangle pattern within 1 hour of the Bitcoin graph. The rising triangle is a pattern of technical price analysis, with its right triangle having a horizontal upper limit (connecting a series of lower highs) and a diagonal rising lower trend line (connecting swing lows).
one Ascending triangle formation It is often considered a bullish chart pattern, indicating the continuation of the original uptrend. However, as the asset’s price breaks down the lower trend line and follows the opposite direction of the initial upward trend, rising triangle formation can also be used as a trend reversal pattern and bearish signal.
As observed in the highlighted chart, the price of Bitcoin appears to be breaking out of the triangle’s pattern through the horizontal upper trend line, about $84,000 left and right.
In his post, Martinez It is pointed out that, convincing and persistently approaching above above, the major cryptocurrencies can play a role at the psychological level of $90,000. The target goal of the ascending triangle mode is determined by adding the vertical distance between the horizontal and the upward trend line to the breakout point.
Bitcoin’s price leap to $90,000 will be almost 7% from its current price point. As of this writing, the flagship cryptocurrency is worth about $84,400, reflecting a nearly 5% increase in price over the past 24 hours.
Can rising whale activity push up BTC prices?
If the Bitcoin price will recover the $90,000 level, all the buying pressure you get from investors is required. Interestingly, the largest BTC investor (whale) seems to have been attending the party, constantly loading luggage over the past few days.
In another post on X, Martinez public Whale, which owns between 1,000 and 10,000 coins, has increased its stake in recent days. Data from Santiment shows that the whales of this type have earned 20,000 BTC in the past 24 hours.
This high buying activity of Bitcoin whales could provide the necessary bullish momentum for the price of BTC, bringing it to $90,000.
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Featured images from Istock, charts for TradingView
