Bitcoin Price Prediction: Is a Correction Imminent in Market
Bitcoin Price Prediction 2025 is expected $1,00,000
The daily chart reveals an expanding megaphone pattern, indicating a potential short-term retracement as the upper resistance looms.
Bitcoin encountered resistance at $53,000, leading to a loss of momentum.
Short-term BTC price action is tightly consolidated within a narrow range.
Bulls and bears are locked in a struggle to surpass resistance or breach lower support levels.
On the 4-hour chart, a Bearish pattern emerges with reduced market noise and evident selling interest.
The descending trend in the RSI indicates weakening bullish strength and momentum in the rally.
Failure to breach $53,000 could result in a correction towards the $50,000 to $48,000 range, close to the 61.80% Fibonacci retracement levels.
As per Coin Gabbar analysis, #Bitcoin Price Prediction 2030 would be $200,000, while Bitcoin Price Prediction 2040 is around $500,000.
KEY LEVELS :
RESISTANCE LEVEL : $52,200-$53,000
SUPPORT LEVEL : $51,200-$50,400
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