Bitcoin Price Prediction:Is BTC Poised for a Historic Rally?

BTC rally to new ATH hinges on maintaining $60,000 support

• #Bitcoin has maintained crucial support at the $60,000 price level since May 10.

• The 4-hour chart indicates a strong bullish rally, with Bitcoin breaking out of a symmetrical triangle pattern around $63,300.

• Breaking through a wedge pattern, BTC saw robust buying, pushing the price above the $65,000 level.

• Bitcoin price surged nearly 7% following the latest U.S. Consumer Price Index (CPI) data, which showed a 0.3% increase in inflation, meeting market expectations.

• If the bullish momentum persist, immediate resistance levels stand at $67,300 and extend further to $70,000.

• According to Coin Gabbar analysis, On the downside, immediate support is observed at $63,300, followed by $61,560 and $60,000.

KEY LEVELS :

RESISTANCE LEVEL : $67,300-$69,000

SUPPORT LEVEL : $64,500-$63,000

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