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Bitcoin Could Rally to $173K if This Pattern Plays Out: Analyst


Bitcoin Could Rally to $173K if This Pattern Plays Out: Analyst

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Crypto analyst EGRAG CRYPTO said Bitcoin is forming an Adam and Eve double bottom on the weekly chart, a technical analysis pattern that remains unconfirmed. If validated by a decisive weekly close above $83,000 and a successful retest holding that level as support, the setup could open the door to a $173,000 price target.

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Crypto analyst EGRAG CRYPTO posted on X on Wednesday that Bitcoin (BTC) is forming an Adam and Eve double bottom on its weekly chart, a pattern that is not yet confirmed but could open the door to $173,000 if it plays out.

The setup hinges on a decisive weekly close above $83,000, followed by a retest that holds that level as new support.

Read the article at CryptoPotato

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In This News

Coins

$ 66.17K

-0.64%

Funds

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

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