Forecast for Bitcoin cryptocurrency ($BTC ) 📈

Support and resistance levels: Support at $47,848.68, $37,706.77 and $35,000. Resistance is at $73,977.33, $87,133.46, $104,187.70 and $122,703.73. Fibonacci levels: Fibonacci retracement levels are shown on the chart and can serve as guides for possible price movements. Main levels: 0.5 ($49,614.13), 0.618 ($43,766.96), 0.705 ($39,625.22), and 0.79 ($35,483.48). Indicators and trend lines: The chart shows a possible upward price movement with an increase of 107.71% 📊. Long and short trend lines indicate upward price movement in the near future. Trading Volumes: Trading volumes are displayed on the right, with increasing volumes at levels around $67,822.16 and $53,498.12.

Forecast:

Based on current data and technical analysis, the following forecast can be made:

Provided that the price remains above the support level of $47,848.68 and breaks the current resistance level of $67,822.16, we can expect the price to move upward to the next resistance levels at $73,977.33 and $87,133.46 🚀. Under favorable market conditions, the price could reach 👉73977.33 (as indicated on the chart) and further move towards the level of $104,187.70 and above 🔝. However, if the price breaks below the support level of $47,848.68, a rollback to the level of $37,706.77 or even lower to $35,000 is possible 🔻.

Conclusion

The current situation indicates the potential for significant growth, but it is important to monitor key support and resistance levels to make informed trading decisions. Good luck with your trading! 📉📈💹