BTC Recap - What’s Next For Bitcoin?

By Aventurine | Crypto Aventurine | 11 Apr 2023


BTC Pumped Above $30,000 And Now What?

Lets have a look at our charts shall we? 

Starting from Weekly candles…

On the weekly we have a reverse head and shoulders with a price target of $34,000 and so far Bitcoin looks to be on the right trajectory!

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On the daily bitcoin broke out of the ascending triangle and is half way through to the price target of $31,500

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On the hourly bitcoin is forming another ascending triangle with a price target of $30,700 and if it breaks down we could be looking at $29,600

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So far all big timeframes look promising especially the weekly reverse head and shoulders. $34k is the target and once we are there we can expect alt season to start while Bitcoin consolidates!

 

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Aventurine
Aventurine

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