Bitcoin Price Prediction: Market Takes Pause Amid Volatility

Bitcoin price prediction 2025 will be around $1,00,000

• Bitcoin price surpassed the $48,000 resistance level, peaking at $48,800, before indicating a potential downward correction.

• $BTC initiated a significant uptrend above the $45,500 resistance area, successfully overcoming barriers around $46,000 and $47,200, leading to a favorable market sentiment.

• Analysis of the higher time frame chart reveals that the recent price correction aligns with a bullish reversal pattern known as a cup and handle formation.

• The weekly closure of $BTC price above the $46,000 mark signals a buying opportunity on the weekly chart, driven by the bullish breakout of an inverted head and shoulders pattern.

• The weekly closure of #Bitcoin exhibited a highly bullish sentiment with the formation of an engulfing candle, indicating strong upward momentum.

• This bullish outlook was further strengthened by seven consecutive weeks of price gains and pushed Bitcoin's price above the critical $47,000 level.

• As per Coin Gabbar analysis, #Bitcoin Price Prediction 2030 is $200,000, with Bitcoin Price Prediction 2040 reaching $500,000.

KEY LEVELS :

RESISTANCE LEVEL : $48,600-$49,200

SUPPORT LEVEL : $47,600-$46,700

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