#Bitcoin reached a high of $64,000 on February 28th but faced rejection and retracement afterward.
Despite this, $BTC managed to hold the $60,000 levels and is attempting a rebound.
$BTC holds above the 78.60% Fibonacci retracement level and continues trading above it.
On the hourly chart, BTC is observed trading within a Bullish Pennant Pattern.
The 4-hour BTC/USD chart provides a clearer view of the recent uptrend followed by consolidation.
The pattern suggests indecision post-surge, offering potential entry points for either uptrend continuation or reversal from lower consolidation boundary.
The crucial question remains: Will BTC breach $69,000 to establish a new high or undergo a retracement?
According to Coin Gabbar analysis, #Bitcoin Price Prediction 2030 appears to be $200,000, while Bitcoin #Price Prediction 2040 will be about $500,000.
KEY LEVELS :
RESISTANCE LEVEL : $62,500-$63,500
SUPPORT LEVEL : $61,200-$60,000
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