{"id":12825,"date":"2025-02-13T06:32:18","date_gmt":"2025-02-13T06:32:18","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12825"},"modified":"2025-02-13T06:32:18","modified_gmt":"2025-02-13T06:32:18","slug":"analyst-says-its-time-to-buy-bitcoin-again-after-cup-and-handle-pattern-reveals-new-ath-target","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12825","title":{"rendered":"Analyst Says It\u2019s Time To Buy Bitcoin Again After Cup And Handle Pattern, Reveals New ATH Target"},"content":{"rendered":"
\n

After experiencing bearish declines and volatility<\/a>, Bitcoin (BTC) is finally looking bullish, with a crypto analyst forecasting<\/a> a breakout to a new all-time high target. After identifying a Cup and Handle pattern on the Bitcoin chart, the analyst announced to investors and traders that now may be the time to buy BTC<\/a>.<\/p>\n

Bitcoin Price Targets New All-Time Highs<\/h2>\n

In a detailed Bitcoin price chart, CobraVanguard, a TradingView crypto analyst, highlights the formation of a textbook Cup and Handle pattern<\/a>. This technical pattern is a well-known bullish continuation indicator, signaling that momentum may be building up and that Bitcoin may be on the verge of a strong price rally<\/a>.\u00a0<\/p>\n

Interestingly, the chart also shows other key technical indicators. An Ascending Triangle pattern<\/a>, characterized by a flat upper resistance line and a rising lower trendline, was found. This technical pattern is another bullish formation often preceding a rally, signaling increased buying pressure.\u00a0\u00a0<\/p>\n

Speaking of buying pressure, CobraVanguard highlights that the emergence of two bullish technical patterns<\/a> on the Bitcoin chart may be an indication to buy and HODL. With the price below $100,000 and currently trading at $95,806, an impending price rally would mean that now may be the most optimal time to enter the market.\u00a0<\/p>\n

\"Bitcoin\"<\/p>\n

Based on these patterns, the TradingView analyst has set a new target for Bitcoin<\/a>. He forecasts the pioneer cryptocurrency will reach $120,000 in the coming weeks. This would mark a new all-time high, surpassing previous market peaks<\/a> obtained earlier this year.\u00a0<\/p>\n

Notably, CobraVanguard has also identified an AB=CD harmonic pattern<\/a> on the chart in addition to a Cup and Handle and Ascending Triangle pattern. This AB=CD indicator suggests symmetry in the Bitcoin price movements<\/a> and signals a measured move to the upside once the pattern is complete.\u00a0\u00a0\u00a0<\/p>\n

Although the TradingView analyst predicts that the asset could hit $120,000, he highlights that if its breakout from the aforementioned bullish patterns persists, a higher target of $124,619 could be reached.\u00a0<\/p>\n

Whales Go On Massive BTC Buying Spree<\/h2>\n

The Bitcoin buying pressure persists<\/a>, as whales are snapping up as much BTC as they can during its current downtrend. These deep-pocketed investors are known for making strategic buys, often entering the market during volatile and declining periods and then selling at market peaks.\u00a0<\/p>\n

According to new reports<\/a> from Coinvo on X (formerly Twitter), Bitcoin whales<\/a> are currently buying \u201can insane\u201d amount of BTC. Sharing a detailed chart depicting Bitcoin\u2019s inflows to accumulation addresses, Coinvo highlights a sharp increase in inflows, suggesting that whales are actively buying BTC in large quantities.\u00a0<\/p>\n

This behaviour is often seen before potential price rallies, as accumulation tends to drive demand higher. As a result, Coinvo has indicated that the increased whale activity<\/a> may be a sign to start buying BTC. <\/p>\n

\"Bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

After experiencing bearish declines and volatility, Bitcoin (BTC) is finally looking bullish, with a crypto analyst forecasting a breakout to a new all-time high target. After identifying a Cup and Handle pattern on the Bitcoin chart, the analyst announced to investors and traders that now may be the time to buy BTC. Bitcoin Price Targets […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12825","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12825"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12825\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}