LIVE🔥💥 Bitcoin Bulls Roar: Will the Rally Persist?
Bitcoin (#BTC ) emerges triumphantly into the new week following its fourth halving, igniting optimism throughout the sector. Despite initial struggles within the $62,000 - $63,000 range, BTC surged beyond $66,000, showcasing its resilience and rekindling hopes for sustained growth. As the cornerstone of cryptocurrencies, BTC's performance also sets the stage for altcoins, reaffirming the impact of halving on market dynamics. But the question remains: will the upward momentum of BTC continue?
Halving Effect Unleashed: After testing $71,500, BTC broke free from its pre-halving downtrend, propelled by the realization of the fourth halving and easing geopolitical tensions. Surpassing $65,000 and transforming a key resistance zone into support, BTC's bullish surge brings smiles to investors' faces.
At the time of writing, BTC trades at $66,252, poised for further gains fueled by the halving effect, potential Fed interest rate cuts, or geopolitical stability. In this optimistic scenario, price targets of $67,613, $69,017, $71,289, and even $73,684 could materialize.
On the flip side, escalating Iran-Israel tensions, unchanged Fed interest rates, or waning halving enthusiasm may trigger profit-taking in BTC, leading to retracements. In such a scenario, support levels to watch include $63,120, $62,030, $60,810, $59,024, $56,622, and crucially, $54,966. Preserving the green zone becomes paramount for short to medium-term bullish sentiment. 📈🚀$BTC
