Sponsored by
Hi binanc family .
#alret Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000
PREMIUM
CRYPTOS | 04/26/2024 06:54:00 GMT
You have 4 free articles left this month
UNLOCK OFFER
Bitcoin price is likely to dip into the $59,111 to $53,120 imbalance, allowing sidelined buyers to accumulate.
A bounce from this zone could propel BTC to $80,000, a new all-time high.
On-chain metrics support the short-term upswing in BTC.
Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Also read: Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in
Bitcoin price sets the stage for next move
Bitcoin price has been hovering above the imbalance on the weekly chart, extending from $59,111 to $53,120, failing to dip into it. As mentioned in previous forecasts, this inefficient zone is key for potential buy-the-dip orders to be triggered. To make the corrective outlook more compelling, investors can observe the set of equal lows formed just above the aforementioned imbalance’s upper limit of $59,111.
#BitcoinETFs #HKETF #BinanceLaunchpool #Bitcoin❗️