From Investing.com: 2024-07-08 14:00:29

Bitcoin is slowly stabilizing around $56,000, but needs more buying power. The bullish megaphone pattern indicates a potential surge in technical analysis. This pattern consists of diverging trend lines, signaling increased volatility and a breakout. The target price is determined by measuring the pattern’s height and adding it to the breakout point for a possible 220% increase in Bitcoin’s value.

Read more at Investing.com: Bitcoin (BTC) to Skyrocket 220%, According to ‘Bullish Megaphone’ Pattern By U.Today