{"id":19296,"date":"2025-03-27T05:31:51","date_gmt":"2025-03-27T05:31:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19296"},"modified":"2025-03-27T05:31:51","modified_gmt":"2025-03-27T05:31:51","slug":"crypto-analyst-reveals-bullish-trigger-point-for-bitcoin-price-can-an-all-time-high-follow","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19296","title":{"rendered":"Crypto Analyst Reveals Bullish Trigger Point For Bitcoin Price, Can An All-Time High Follow?"},"content":{"rendered":"
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A crypto analyst has disclosed that the Bitcoin price has reached a critical trigger point that could ignite a massive rally<\/a>. If the cryptocurrency manages to hold above this key threshold, the chances of setting a new<\/a> all-time high become increasingly likely.\u00a0<\/p>\n

Bitcoin Price Faces Resistance On Path To New ATH<\/h2>\n

On March 25, a TradingView crypto expert identified as \u2018Cryptorphic\u2019 shared a Bitcoin price analysis<\/a> on a 4-hour timeframe chart from Binance. The analyst stated<\/a> that BTC has settled at a bullish trigger point\u2014a key resistance zone<\/a> that has historically been a major barrier for the pioneer cryptocurrency and could determine its next price move.<\/p>\n

According to the analyst\u2019s chart, Bitcoin attempted to break above this critical resistance point at $91,375 but was faced with a rejection. Given its ongoing struggle at this price level<\/a>, the cryptocurrency will require a significantly stronger and larger momentum to break through decisively.\u00a0<\/p>\n

Cryptorphic highlights that if the price of BTC stays below the resistance level, the trajectory of the market will remain uncertain<\/a>, possibly leading to additional struggle in altcoins. However, a clear breakout from this bullish trigger point could ignite a strong uptrend, reversing Bitcoin\u2019s recent price declines<\/a>.<\/p>\n

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

Notably, the analyst\u2019s chart shows that Bitcoin has been forming an Ascending Wedge, a pattern that can either lead to a price breakout or breakdown. Bitcoin\u2019s price is currently at the upper boundary of this Ascending Wedge pattern<\/a>, aligning with a long-term descending trend line that represents the aforementioned resistance level and bullish trigger point.\u00a0\u00a0<\/p>\n

As said earlier, a breakout above this area could trigger a rally, with the possibility of reaching $109,588 and surpassing previous ATHs. Earlier this year, the BTC price hit a new ATH of about $109,036 on Donald Trump\u2019s US Presidential Inauguration<\/a> Day on January 20, 2025. The historic price surge was driven by the excitement and market sentiment surrounding Trump\u2019s political campaign<\/a>, with expectations of policy shifts and more favorable crypto regulations.\u00a0<\/p>\n

If Bitcoin follows the trajectory of the Cryptorphic\u2019s analysis and reaches $109,588, it would represent a 0.5% increase from its current\u00a0 ATH and a 24% surge from its present market value of $88,218.\u00a0<\/p>\n

BTC Bearish Case Scenario<\/h2>\n

While Cryptorphic remains optimistic that Bitcoin could reach a fresh ATH this bull cycle, the analyst also outlined a bearish scenario, warning that another rejection at the $91,375 resistance level could trigger a deeper price correction<\/a>. The TradingView expert highlighted several price levels that could act as an important support area for Bitcoin<\/a>.<\/p>\n

If BTC retraces from the resistance level, the $85,076 and $82,360 price levels are expected to provide support. Stronger support lies around $76,606, which would be the next key level in the case of a stronger pullback.<\/p>\n

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

A crypto analyst has disclosed that the Bitcoin price has reached a critical trigger point that could ignite a massive rally. If the cryptocurrency manages to hold above this key threshold, the chances of setting a new all-time high become increasingly likely.\u00a0 Bitcoin Price Faces Resistance On Path To New ATH On March 25, a […]<\/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-19296","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\/19296","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=19296"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19296\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}