07-02-2020 19:00 via newsbtc.com

Technical Pattern Shows Bitcoin Could Rally Over 100% in an Explosive Movement

Bitcoin’s bulls have been holding the cryptocurrency steady around $9,800, with its strong multi-day momentum making it look incredibly likely that BTC will soon see a swift break above its key near-term resistance at $10,000.
Importantly, BTC’s recent price action has allowed the crypto to form an incredibly bullish, albeit simple, technical pattern that has preceded major parabolic rallies in years past.
In order for this pattern to become valid, however, it is imperative that the
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