Lokesh Gupta
21-05-2024
#Bitcoin price formed a solid base above $66,000 before initiating a new uptrend.
BTC broke through the $68,000 resistance level, especially in the wake of Ethereum's rise above $3,200.
Bitcoin experienced a remarkable surge, climbing over 6% and surpassing the $70,000 milestone.
The daily chart for BTC shows clear confirmation of a bullish flag breakout.
Currently, BTC is consolidating its gains and displaying indications of further upside potential in the short term.
Yesterday, after forming a bullish candle, BTC is ready to form a new all-time high.
According to Coin Gabbar analysis, If bulls hold above the $70,000 level, BTC could form a new high in the coming weeks.
However, if bulls encounter resistance at higher levels, the price may retest $68,000 in the near future.
KEY LEVELS :
RESISTANCE LEVEL : $72,800-$74,000
SUPPORT LEVEL : $69,500-$68,000
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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.
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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