Bitcoin price surged above key resistance levels at $44,500 and $45,000.
$BTC is currently accelerating past the $46,000 resistance mark, signaling bullish momentum.
It is now testing the $46,000 level and shows potential to extend its rally towards $48,000.
This week's bullish reversal positions $BTC price to target a breakout beyond the critical 61.80% Fibonacci level resistance.
Over the past two years, this resistance level has served as a significant point for #Bitcoin reversals, enhancing its current challenge.
Anticipation is growing for a breakout of this two-year resistance as #Bitcoin forms an inverted head and shoulders pattern on the weekly chart.
The neckline of this bullish pattern precisely aligns with the 61.80% Fibonacci level, underscoring its importance.
As per Coin Gabbar analysis, #Bitcoin Price Prediction 2030 is $200,000, while Bitcoin #Price Prediction 2040 reaches $500,000.
KEY LEVELS :
RESISTANCE LEVEL : $46,800-$47,300
SUPPORT LEVEL : $45,500-$44,900
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