Bitcoin Price Prediction: Will Bulls Maintain $70,000 Level?

Bitcoin Price Prediction 2025 anticipates surge to $125,000

• Bitcoin exhibited signs of recovery over the weekend, rebounding from the lower boundary of its trading channel.

• #Bitcoin established a foundation around the $68,000 price threshold, marking the beginning of an upward trajectory.

• The Bullish Flag pattern was breached on the hourly chart, signaling bullish sentiment.

• Despite multiple attempts, bulls failed to clear the $71,500 level.

• The #Bitcoin price has maintained a narrow range since the previous day's trade, with both bulls and bears equally participating.

• Rejection from current levels could lead to the formation of a double-top pattern, potentially undermining the bullish scenario.

• The pivotal question remains whether $BTC will successfully surpass the $71,500 hurdle and rally towards $75,000.

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

KEY LEVELS :

RESISTANCE LEVEL : $71,800-$73,800

SUPPORT LEVEL : $69,300-$68,000

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.