• BTC is preparing for the next movement after a 5-day consolidation.
• On the Bitcoin chart, multiple time frames indicate signs of bullish divergence.
• Double bottom formation and the Stochastic RSI show signs of a breakout.

Bitcoin is preparing for another move after consolidating between $25,538 and $26,182 for the last 5 days. It seems BTC bulls want to protect the $25,500 support level and in no time, break the $26,200 resistance zone.

Market analysis Youtuber CryptoRover suggests Bitcoin has experienced weeks of low volatility. According to him, past performance has proved that sharp price movements come after periods of low volatility. For this reason, the recent price stability this week might be a precursor for a significant market shift. Furthermore, BTC/USD has formed an ascending triangle pattern, which could confirm the direction of the market shift.

The analyst urged traders to watch for a breakout above the downward-sloping resistance line. According to him, this breakout will take place within the next 12 – 13 hours. On the contrary,  Bitcoin price action could break above the upward-sloping support line and trigger a short-term period of high …

The post Next Bitcoin Target at $26,300 after Market Shift: Expert Analysis appeared first on Coin Edition.

• BTC is preparing for the next movement after a 5-day consolidation.
• On the Bitcoin chart, multiple time frames indicate signs of bullish divergence.
• Double bottom formation and the Stochastic RSI show signs of a breakout.

Bitcoin is preparing for another move after consolidating between $25,538 and $26,182 for the last 5 days. It seems BTC bulls want to protect the $25,500 support level and in no time, break the $26,200 resistance zone.

Market analysis Youtuber CryptoRover suggests Bitcoin has experienced weeks of low volatility. According to him, past performance has proved that sharp price movements come after periods of low volatility. For this reason, the recent price stability this week might be a precursor for a significant market shift. Furthermore, BTC/USD has formed an ascending triangle pattern, which could confirm the direction of the market shift.

The analyst urged traders to watch for a breakout above the downward-sloping resistance line. According to him, this breakout will take place within the next 12 – 13 hours. On the contrary,  Bitcoin price action could break above the upward-sloping support line and trigger a short-term period of high …

The post Next Bitcoin Target at $26,300 after Market Shift: Expert Analysis appeared first on Coin Edition.