Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-gears-up-for-potential-price-surge" rel="noopener noreferrer nofollow">Bitcoin Gears Up for Potential Price Surge</a><br></p>
<p style="text-align: justify">In the recent trading landscape, <a href="https://en.bitcoinhaber.net/microstrategy-shares-surge-as-bitcoin-holds-steady" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.bitcoinhaber.net/expert-analyst-sheds-light-on-bitcoins-growth-drivers-and-altcoin-market-potential" rel="noopener noreferrer nofollow">BTC</a>) has experienced a stagnation phase, oscillating between $71,600 and $68,400. This horizontal movement showcases an equilibrium between buying and selling forces, with neither side pushing the price significantly in either direction.</p>
<h2 id="signs-of-an-upcoming-leap">Signs of an Upcoming Leap</h2>
<p style="text-align: justify">Examining the 4-hour trading chart, there’s an emerging bullish flag pattern, suggesting that Bitcoin may be gearing up for a notable upward movement after a brief period of price correction. Earlier, the crypto giant found strong backing at the 38.2% Fibonacci retracement level, leading to a substantial price reversal—a nearly 17.7% surge—that tested the $71,500 resistance area.</p>
<p style="text-align: justify">Despite this upward momentum, Bitcoin’s price has been hovering below the resistance level, indicating a consolidation phase that typically precedes significant events like a halving, which often triggers heightened market activity.</p>
<h2 id="bitcoin-s-road-to-recovery">Bitcoin’s Road to Recovery</h2>
<p style="text-align: justify">The technical outlook reinforces the bullish flag pattern, hinting at a potential continuation of the recovery. Market experts, including a senior crypto analyst, highlight that even though Bitcoin’s price remains near record highs, the accumulation trend score reveals a robust pattern of gathering strength for another push upwards.</p>
<h2 id="implications-for-the-reader">Implications for the Reader</h2>
<ul>
 <li>Bitcoin’s range-bound activity points to a possible breakout, underpinning the opportunity for investors to monitor closely.</li>
 <li>The bullish flag pattern suggests upward momentum could be imminent, indicating a strategic point for traders considering entry or exit.</li>
 <li>Key resistance levels to watch are $71,500, with a breakout potentially leading to targets of $73,800 and then $81,700.</li>
</ul>
<p style="text-align: justify">As of now, Bitcoin is valued at $70,576, reflecting a modest 1% increase within the day. Market sentiment is tilting towards optimism, with expectations that Bitcoin could soon cross the bullish pattern’s upper boundary, potentially propelling the price to new heights.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-gears-up-for-potential-price-surge" rel="noopener noreferrer nofollow">Bitcoin Gears Up for Potential Price Surge</a></h5>

Bitcoin Gears Up for Potential Price Surge

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