Bitcoin established a foundation around the $60,000 price threshold and commenced a new upward trajectory.
#Bitcoin showed signs of recovery over the weekend as it rebounded from the lower boundary of its trading channel.
Over the past three periods, Bitcoin has displayed a bullish trend, suggesting a potential upward movement.
In the short term, Bitcoin's price is following a parabolic curve, aiming to surpass the current all-time high by reaching the upper resistance level.
$BTC has surged and is now trading above the $70,000 resistance zone, with potential to reach $75,000 in the near future.
Reports suggest that the London Stock Exchange will soon introduce exchange-traded notes (ETNs) for Bitcoin ($BTC) and #Ethereum ($ETH) markets.
The key question remains whether Bitcoin will maintain support at $70,000 and establish a new high.
According to Coin Gabbar analysis, Bitcoin #Price Prediction 2030 anticipates a rise to $250,000, while Bitcoin Price Prediction 2040 predicts an increase to $500,000.
KEY LEVELS :
RESISTANCE LEVEL : $71,300-$72,500
SUPPORT LEVEL : $69,500-$68,500
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
