Bitcoin's Next 24 Hours: Bullish or Bearish?
According to analysts, Bitcoin's monthly candlestick pattern is forming a "dragonfly doji," indicating a potential trend reversal. However, others warn that fundamentals and sentiment drive the market, and the month isn't over yet.
For the next 24 hours, Bitcoin's price is likely to be bearish, with a potential retreat to $62,000. The formation of a hammer candlestick on the monthly timeframe suggests a bullish reversal pattern, but technical obstacles and fundamentals may hinder a significant price increase.
Short-term prediction: Bearish, with a potential price range of $62,000 - $63,500.
Long-term prediction: Bullish, with a potential break above $68,000 and rapid growth to $110,000. However, consolidation and fundamental factors may influence the market.
