Bitcoin (BTC) 
$104,262 continues to experience short-term fluctuations, recently dropping to $67,730. Some altcoins have also seen declines. Despite the volatility in BTC prices, a well-known analyst argues that bears are chasing an empty hope.
What Will Be the Bitcoin Price?
The fluctuations in the leading cryptocurrency persist. BTC appears to be consolidating at higher levels, suggesting a hopeful movement. Previous attempts saw prices fall from $69,000 to around $60,000. An analyst known as Moustache noted a significant breakout in the important technical formation, indicating that the decline is now behind us.
“I wonder why no one talks about this. Did you know that BTC will break out of the Cup and Handle pattern in three years? This is one of the strongest bullish formations in the market, and bears are waiting at the $49,000 level. You can’t even imagine this.”
According to the shared chart, the formation must pave the way for six-figure prices. Moreover, this journey should start very soon.
Comments on Cryptocurrencies
This week, Safe joined the ranks of the top 100 cryptocurrencies, gaining 62% weekly. Its trading volume is half of its market cap, which is quite impressive for an altcoin ranked 91st. APE and GOAT also showed significant gains among the top cryptocurrencies.
The fear and greed index remains neutral. The total volume in the cryptocurrency market exceeds $76.5 billion, with BTC’s market dominance around 58% according to CMC data. While the total value of cryptocurrencies stands at $2.31 trillion, BTC remains stagnant at about $67,400.
