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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-price-reaches-new-high" rel="noopener noreferrer nofollow">Bitcoin Price Reaches New High</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/strategic-shifts-in-bitcoin-whale-activities-spark-market-movements" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price has soared past the $67,000 mark, currently settling at $66,780, while altcoins have turned bearish. This trend has been seen before, with the first-quarter surge pausing for weeks. Despite a quick rebound this week, doubts persist regarding a new all-time high in the short term.</p>
<h2 id="crypto-expert-commentary">Crypto Expert Commentary</h2>
<p style="text-align: justify">As Bitcoin briefly touched $67,700 before retreating by $1,000, analysts are eyeing the next developments. Daan Crypto Trades identifies $72,000 as a significant resistance level, noting that the price formed a substantial cluster around $67,400. He also highlighted obstacles at $68,000 and the crucial liquidity zone beyond $72,000. Should Bitcoin face a downturn, the $60,000 region remains a key support level.</p>
<p style="text-align: justify">Upcoming events such as the Federal Reserve’s minutes release on Wednesday and the ETH ETF decisions later in the week could induce further volatility in the cryptocurrency market.</p>
<h2 id="bitcoin-price-predictions">Bitcoin Price Predictions</h2>
<p style="text-align: justify">Daan Crypto Trades also emphasized the 100-day moving average as a long-term support for Bitcoin, suggesting it as a reliable metric for gauging medium- to long-term momentum. Another well-known analyst, RektCapital, expressed optimism, indicating that Bitcoin needs only a 1% price increase to confirm a new phase in the <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">bull market</a>.</p>
<p style="text-align: justify">Credible Crypto echoed cautionary sentiments, predicting a potential retest around $60,000. He mentioned that the $62,000 to $63,000 range could offer temporary relief but might ultimately give way, with altcoins possibly facing substantial losses in the event of a $59,000 test.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<p style="text-align: justify">– Monitor the $72,000 resistance level for potential breakout opportunities.<br> – Keep an eye on the 100-day moving average as a long-term support indicator.<br> – The $60,000 region remains a critical support level to watch.<br> – Be prepared for market volatility due to upcoming Federal Reserve minutes and ETH ETF decisions.</p>
<p style="text-align: justify">In conclusion, while Bitcoin has achieved a significant milestone by surpassing $67,000, market participants remain cautious. Analysts highlight key resistance and support levels, urging investors to stay informed of forthcoming economic events that may impact the cryptocurrency landscape.</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-price-reaches-new-high" rel="noopener noreferrer nofollow">Bitcoin Price Reaches New High</a></h5>

Bitcoin Price Reaches New High

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