BTC to Break $68,000 in 24 Hours?

Get ready for a potential price surge! According to Bitfinex analysts, Bitcoin (BTC) is on the cusp of breaking its downtrend, and we may see a significant price jump in the next 24 hours.

To confirm the end of its downtrend, BTC must surpass the August high of $65,200. This level represents a critical breakpoint, invalidating the bearish lower highs pattern that has persisted since March. A move above this level would signal a resumption of the broader uptrend from October 2023 lows.

Recent events have fueled optimism, including the Fed rate cut, large stimulus announcement by China, and the return of risk appetite to broader financial markets. These factors, combined with technical analysis, suggest a bullish revival is underway.

However, beware of potential consolidation. The cumulative volume delta indicator has flattened, and spot market buying has slowed above $63,500. Keep a close eye on market movements and adjust your strategies accordingly.

Considering current momentum and analyst predictions, we may see BTC break $68,000 within the next 24 hours. Stay tuned for updates! Will BTC reach $68,000 in the next 24 hours? Share your predictions in the comments!#Bitcoin #BTC #Trading #Investing #Binance #MarketAnalysis