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Bitcoin on the Cusp of a Breakout to $91,400 if $84,000-$85,900 Support Level Holds
The crypto market is abuzz with excitement as Bitcoin (BTC) appears to be on the cusp of a major breakout. According to recent analysis, a bull pennant pattern has emerged, indicating that if the current support level of $84,000-$85,900 holds, we may see a significant surge in price action.
As reported by various market experts, including Crypto Candy and Titan of Crypto, this development could propel Bitcoin prices towards $91,400 and beyond. The key takeaway here is that sustaining support above this critical zone is essential for maintaining a bullish bias.
Recent price action has seen the cryptocurrency’s value gain 0.12% at $87,012.45, with market observers closely monitoring the situation to see if this upward momentum will continue or reverse course.
Despite some concerns regarding the absence of volume data in confirming the breakout, Titan of Crypto emphasizes the importance of caution as we await further developments.
One thing is clear: Bitcoin’s heat map has revealed a $90K liquidity cluster, and should the cryptocurrency break out, it would undoubtedly send shockwaves throughout the market.
Source: https://cryptonewsland.com/bitcoin-on-cusp-of-a-breakout-to-support-level/
