Lokesh Gupta
01-04-2024
#Bitcoin price has stabilized above the $69,000 resistance zone, with fluctuations between $71,600 and $68,400.
$BTC is expected to maintain this range-bound movement for now, with potential bullish aims set at $75,000.
Throughout the final week of March, #Bitcoin traded sideways, ending the month within an accumulation zone.
Rejection at current levels may lead to the formation of a double-top pattern, potentially undermining bullish momentum.
$BTC closed above the resistance zone last month despite two previous rejections, indicating resilience.
The ongoing consolidation reflects market indecision between buyers and sellers.
Weekly chart analysis reveals a bullish reversal after a successful retest of a rounding bottom breakout.
The week concluded with a bullish engulfing candle, signaling a 4.15% surge in Bitcoin's price.
Speculation abounds that the upcoming rally could potentially target $100,000 by the end of the month.
According to Coin Gabbar analysis, Bitcoin #Price Prediction 2030 envisions a surge to $250,000, while Bitcoin Price Prediction 2040 foresees a surge to $500,000.
KEY LEVELS :
RESISTANCE LEVEL : $70,500-$71,800
SUPPORT LEVEL : $68,500-$67,600
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.
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.
1 year ago
super
Owned by:-
DCG Tech FZCO, UAE
Delivery Partner:-
Gabbar MediaTech Pvt Ltd.
Copyright © 2025 Coin Gabbar. All Rights Reserved.
