Lokesh Gupta
13-02-2024
Breaking the $50,000 barrier for the first time in two years signifies a significant milestone for Bitcoin.
Bitcoin's price has surged, leading the altcoin market amidst favorable pre-halving economics.
$BTC extended its rally past the $48,800 resistance, with current indicators showing bullish signs.
The recent surge saw #Bitcoin breaking out from a cup-and-handle pattern, further reinforcing its bullish trajectory.
With eight consecutive green candles, Bitcoin's price has surpassed the crucial $50,000 level, indicating strong momentum.
If the patterns persist, Bitcoin's price could potentially target $82,000.
As per Coin Gabbar analysis, #Bitcoin Price Prediction 2030 is $200,000, with Bitcoin Price Prediction 2040 reaching $500,000.
KEY LEVELS :
RESISTANCE LEVEL : $51,000-$52,300
SUPPORT LEVEL : $49,300-$48,500
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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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