The Bitcoin to gold ratio chart shows that Bitcoin forms ascending triangle patterns before every major bull cycle. Each triangle led to a breakout and a sharp rally in the Bitcoin-to-gold ratio.

In place of this has been a rising bullish pattern, which is known as a Reverse Dragon Pattern. Related Reading: 72% Of Binance Traders Go Long On Dogecoin, What Does This Mean For Price?

Technical analysis reveals a potential “cup and handle” pattern forming. This pattern, combined with a bull flag formation visible on daily charts, suggests breakout potential. If SOL can break above ...

The $1,785-$1,800 zone represents both horizontal support and the lower boundary of the triangle pattern. This area also coincides with the 200 EMA (Exponential Moving Average), creating a ...