Bitcoin Price Chart Forecast: BTCUSD Awaits Pennant Breakout

Bitcoin Price Forecast:

比特币价格预测：

• Bitcoin is 165% higher in the year to date, but has lost roughly 20% of its value since late June

  比特币是在今年迄今为止更高165％，但6月下旬以来

• A series of lower highs and slightly higher lows has formed a pennant pattern

  一个系列的已经失去了其值的20％左右较低的高点和稍高低点已形成了三角旗图案

• Regardless of direction, weeks of tight price action could see the return of volatility when a breakout eventually occurs

  不管方向如何，紧价格动作的周可以看到波动的返回时突破最终发生

Bitcoin Price Chart Forecast: BTCUSD Awaits Pennant Breakout

比特币价格走势预测：BTCUSD等待着幡突围

Bitcoin trades narrowly above $10,000 heading into the third weekend of September, regaining ground from a volatile Thursday which saw price whipsaw between $9,545 and $10,385. Respecting both the lower and upper bounds of the pennant pattern which it has formed, Bitcoin has seen increasingly tight price action in September as the coins average true range slips. With the coin quickly running out of space within the pennant, a breakout is due.

比特币狭以上$ 10,000交易标题进入9月第三个周末，从易失性周四其中锯片$九千五百四十五和$一万〇三百八十五之间价格洗盘恢复接地。尊重这两个已形成的三角旗图案的下界和上界，比特币已经看到了在九月越来越紧价格行动作为硬币平均真范围滑动。随着硬币很快跑出来的信号旗内的空间，一个突破是由于

Bitcoin Price Chart: Daily Time Frame (March - September) (Chart 1)

比特币价格走势：每日时限（三月日 - 9月）（图1）

Chart created with TradingView by Peter Hanks

由Peter汉克斯与TradingView创建图表

Typically, pennants are viewed to be bullish when the broader trend is bullish, and bearish when the broader trend is bearish. Given Bitcoin‘s performance in the year to date and in the lead up to the pennant’s formation, the technical pattern could suggest a breakout higher is likely. Occasionally, the pattern offers insight on the size of the subsequent breakout. Looking to the formations height, the origination of the lower bound around $8,915 and the upper bound near $13,860 suggests a move of nearly $5,000 could be in the cards. That said, chart formations rarely play out like they do in the textbooks.

典型地，三角旗被视为看涨时更广泛的趋势看涨，看跌当更广泛的趋势是看跌。由于比特币在今年的表现到目前为止并在含铅量高达幡的阵型，技术模式可能提出一个更高的突破可能。偶尔，图案提供在随后爆发的规模洞察力。展望编队高度，下部的起源约束大约$八九一五和近$ 13,860结合上提出的近5000 $此举可能是在打牌。这就是说，图地层很少发挥出像他们在教科书做

To that end, a fundamental catalyst - or lack thereof - could see the seemingly bullish formation turn into a bearish one. In my opinion, however, the willingness of bulls to push the coin higher in the year to date suggests the next move is likely higher. Thus, areas of interest exist around $11,525, a level that may pose initial resistance and $13,500 which roughly coincides with Junes high and the 61.8% Fibonacci level.

要为此，一个基本的催化剂 - 或缺乏 - 可以看到貌似看涨形成转成利空之一。在我的运信联盟，但是，多头的推动硬币高于今年迄今的意愿提出下一步的行动很可能会更高。因此，感兴趣的区域周围存在$ 11525，可能构成初始电阻和$ 13,500，其大致与Junes高和61.8％斐波纳契电平一致的电平。

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If, on the other hand, the pennant pattern delivers a bearish break lower, BTCUSD may look for support at the 200-day moving average which currently resides slightly above $8,000 with secondary support around the $7,100 level where the 23.6% Fib level rests.

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