Bitcoin exhibited signs of recovery over the weekend, rebounding from the lower boundary of its trading channel.
#Bitcoin established a foundation around the $68,000 price threshold, marking the beginning of an upward trajectory.
The Bullish Flag pattern was breached on the hourly chart, signaling bullish sentiment.
Despite multiple attempts, bulls failed to clear the $71,500 level.
The #Bitcoin price has maintained a narrow range since the previous day's trade, with both bulls and bears equally participating.
Rejection from current levels could lead to the formation of a double-top pattern, potentially undermining the bullish scenario.
The pivotal question remains whether $BTC will successfully surpass the $71,500 hurdle and rally towards $75,000.
According to Coin Gabbar analysis, Bitcoin #Price Prediction 2030 forecast foresees a surge to $250,000, while Bitcoin Price Prediction 2040 anticipates a rise to $500,000.
KEY LEVELS :
RESISTANCE LEVEL : $71,800-$73,800
SUPPORT LEVEL : $69,300-$68,000
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