In the upcoming expansion phase, BTC price is expected to reach around $100,000!
Investors are optimistic about further upside potential!
As technical indicators show potential reversal and strong support from ETF inflows, the foundation is set for a continued upward trajectory.
Bitcoin's current position
Particularly its ability to hold the $59,000 major support level.
He pointed out the strength of the $60,000 area and highlighted it as a key pivot point for support during Bitcoin's recent rally and subsequent market correction.
Throughout the analysis, price levels such as $66,000.
It is an early warning point for potential market risks, while $70,000 is considered a psychological level that affects market sentiment.
He discussed the importance of closely monitoring these price levels to gauge market momentum and predict potential price moves.
Various price levels and details about different cryptocurrencies in my analysis.
Key levels for Bitcoin are explained, including $66,000, $60,000, and $71,000 to $72,000.
Breaking above $65,000 suggests further gains towards the $68,000-69,000 and $73,000-74,000 resistance zones.
While short-term patterns like the rising wedge may present temporary challenges, the overall sentiment remains bullish.
In addition to Bitcoin, Ethereum and Solana have also shown market resilience.
Ethereum’s breakout above $3,250 suggests a potential rally to $3,470-3,530 on the back of a bullish divergence pattern.
Meanwhile, Solana’s breakout above $155 confirms a bullish reversal with a target of $185-186.
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