Bitcoin Price Prediction: Is BTC on the cusp of a Change?

01-04-2024 By: Lokesh Gupta
Bitcoin Price Prediction: Is BTC on the cusp of a Change?

Bitcoin Price Prediction 2025 forecasts a surge to $125,000

  • #Bitcoin price has stabilized above the $69,000 resistance zone, with fluctuations between $71,600 and $68,400.

  • $BTC is expected to maintain this range-bound movement for now, with potential bullish aims set at $75,000.

  • Throughout the final week of March, #Bitcoin traded sideways, ending the month within an accumulation zone.

  • Rejection at current levels may lead to the formation of a double-top pattern, potentially undermining bullish momentum.

  • $BTC closed above the resistance zone last month despite two previous rejections, indicating resilience.

  • The ongoing consolidation reflects market indecision between buyers and sellers.

  • Weekly chart analysis reveals a bullish reversal after a successful retest of a rounding bottom breakout.

  • The week concluded with a bullish engulfing candle, signaling a 4.15% surge in Bitcoin's price.

  • Speculation abounds that the upcoming rally could potentially target $100,000 by the end of the month.

  • According to Coin Gabbar analysis, Bitcoin #Price Prediction 2030 envisions a surge to $250,000, while Bitcoin Price Prediction 2040 foresees a surge to $500,000.

KEY LEVELS :

RESISTANCE LEVEL : $70,500-$71,800

SUPPORT LEVEL : $68,500-$67,600

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

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