Bitcoin Price Prediction: Can Bulls hold $70K for New Peaks

Bitcoin Price Prediction 2025 projected be surge to $125,000

• Bitcoin established a foundation around the $60,000 price threshold and commenced a new upward trajectory.

• #Bitcoin showed signs of recovery over the weekend as it rebounded from the lower boundary of its trading channel.

• Over the past three periods, Bitcoin has displayed a bullish trend, suggesting a potential upward movement.

• In the short term, Bitcoin's price is following a parabolic curve, aiming to surpass the current all-time high by reaching the upper resistance level.

• $BTC has surged and is now trading above the $70,000 resistance zone, with potential to reach $75,000 in the near future.

• Reports suggest that the London Stock Exchange will soon introduce exchange-traded notes (ETNs) for Bitcoin ($BTC) and #Ethereum ($ETH) markets.

• The key question remains whether Bitcoin will maintain support at $70,000 and establish a new high.

• According to Coin Gabbar analysis, Bitcoin #Price Prediction 2030 anticipates a rise to $250,000, while Bitcoin Price Prediction 2040 predicts an increase to $500,000.

KEY LEVELS :

RESISTANCE LEVEL : $71,300-$72,500

SUPPORT LEVEL : $69,500-$68,500

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