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Bitcoin Price Prediction: Market Shifts Gear, Bull Run Begin

09-Feb-2024 By: Lokesh Gupta
Bitcoin Price Prediction: Market Shifts Gear, Bull Run Begin

Bitcoin price prediction 2025 will be about $1,00,000

  • 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

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.

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