#Bitcoin price remains strong above the $60,000 support zone, building a base before starting an upward trend above $62,000 resistance.
Momentum increases as $BTC gains traction above $62,000, indicating a possible rise towards the $65,000 barrier label.
Bullish experiencing increases as Bitcoin breaks the bullish pennant formation, which is frequently an indicator to a significant upward surge.
Fibonacci levels indicate Bitcoin's readiness to challenge the 100% Fib level, potentially leading to a breakout for a new all-time high.
Weekly chart analysis reveals a breakout from an inverted head and shoulder pattern, suggesting potential uptrend continuation if the rally sustains above $64,000.
Buyers anticipate Bitcoin's price to surpass the $69,000 mark amid this breakout rally.
According to Coin Gabbar analysis, #Bitcoin Price Prediction 2030 seems to be $200,000, with Bitcoin Price Prediction 2040 close to $500,000.
KEY LEVELS :
RESISTANCE LEVEL : $65,000-$67,000
SUPPORT LEVEL : $62,000-$60,000
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Also read: Bitcoin Price Prediction: Bulls Poised for Surge After Break
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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