Bitcoin forms triangular pattern at $ 105,000-technical analysis indicates a possible 6%rally towards $ 109,000

Bitcoin forms triangular pattern at $ 105,000-technical analysis indicates a possible 6%rally towards $ 109,000

Bitcoin forms a triangular pattern at 105,000 USD with Bullisher RSI-Divergenz

The cryptocurrency Bitcoin has currently formed an interesting technical pattern. With a course of USD 105,000, there is a triangular pattern that indicates a potential price movement. The technical analysis indicates a possible rally by 6 %that could target the target of USD 109,000.

An important indication of this potential price increase is the Bullish Divergence of the Relative Strength Index (RSI). This divergence can be interpreted as a signal for the market participants that the momentum dynamics in favor of buyers change. Such a situation can often indicate impending price gains, especially if it occurs in connection with chart -technical patterns such as the current triangle pattern.

traders and investors should follow the next movements of the Bitcoin course carefully, especially with regard to the achievement and overcome of the 109,000 USD mark. An outbreak from the current triangle could attract additional buyers and continue the course.

In the volatile world of cryptocurrencies, however, it is important to keep an eye on the basic market factors that can affect the price. Developments in regulation, technological progress and market psychology play a crucial role in the future price development of Bitcoin.