Satoshi

Bitcoin

Bull Flag

Shiba Inu

Coin

<p>Bitcoin has entered a decisive phase, <a href="https://x.com/AltCryptoGems/status/1793221512083747056" target="_blank" rel="noopener noreferrer nofollow">according</a> to crypto analyst Sjuul of AltCryptoGems. Currently, Bitcoin contends with key resistance levels, signaling a potential uptrend. Sjuul advises close attention to the cryptocurrency’s movements, particularly in this post-halving period known for profitability.</p>
<h2 class="wp-block-heading" id="strong-bitcoin-btc-price-analysis-strong"><strong>Bitcoin (BTC) Price Analysis</strong></h2>
<p>As the weekly chart reveals, Bitcoin is maintaining its parabolic trajectory from last year, recently surpassing the last cycle’s all-time high (ATH). “<em>Our bias is obviously bullish!”</em> Sjuul exclaims, highlighting the regained strength of Bitcoin’s market value.&nbsp;</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="640" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-691-1024x640.png" alt="" class="wp-image-495314" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-691-1024x640.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-691-300x188.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-691-768x480.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-691-1536x960.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-691-2048x1280.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-691-240x150.png 240w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-691-100x63.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-691-560x350.png 560w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-691-788x492.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-691.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Moreover, Sjuul discusses the potential entry points for investors, pointing to the EMA200 trends across different timeframes.</p>
<p>For short-term strategies, the 30-minute EMA200 serves as a crucial indicator. However, should this lower timeframe (LTF) trend fail, a deeper pullback might occur. Consequently, Sjuul shifts focus to the 4-hour EMA200, a reliable metric of Bitcoin’s strength, suggesting it as an optimal long-term buy area.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="640" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-690-1024x640.png" alt="" class="wp-image-495306" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-690-1024x640.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-690-300x188.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-690-768x480.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-690-1536x960.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-690-2048x1280.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-690-240x150.png 240w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-690-100x63.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-690-560x350.png 560w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-690-788x492.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-690.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="strong-btc-price-predictions-strong"><strong>BTC Price Predictions</strong></h2>
<p>Bitcoin’s recent price stands at <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noopener noreferrer nofollow">$69,405.10</a>, marking a slight decline over the past day but an overall increase of 5.42% over the week, per CoinGecko data. Additionally, insights from <a href="https://captainaltcoin.com/bitcoin-analyst-forecasts-btc-to-hit-149k-here-are-his-outlook-and-timeline/" target="_blank" rel="noopener noreferrer nofollow">Captain Altcoin’s report</a> highlight analyst Cryptocon’s predictions.&nbsp;</p>
<p>Previously, it was reported that Bitcoin could reach a ‘layer 7’ price target of $149,000 by the end of 2024, based on Log Regression Curves. A more conservative estimate places it at $108,000, referencing the 2013 cycle top.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>These analyses underline a critical time for Bitcoin investors. The emphasis is on the strength of current levels to determine the viability of bullish predictions. Maintaining vigilance on these trends will be essential for those looking to capitalize on Bitcoin’s potential upticks.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/shiba-inu-shib-gears-up-for-massive-500-pump-to-key-level-as-bull-flag-pattern-breaks-out/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu (SHIB) Gears Up for Massive 500% Pump to Key Level as Bull Flag Pattern Breaks Out</a></strong></em></p>
<p><em><strong>Join&nbsp;<a href="https://captainaltcoin.com/go/aethir/" target="_blank" rel="noopener noreferrer nofollow">Aethir’s exclusive airdrop</a>&nbsp;and earn badges by participating in events or holding community tokens. Complete tasks and secure your spot before the snapshot date is revealed!</strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/bitcoin-enters-critical-phase-analyst-foresees-further-uptrend-if-this-key-btc-price-level-holds/" rel="noopener noreferrer nofollow">Bitcoin Enters Critical Phase: Analyst Foresees Further Uptrend if This Key BTC Price Level Holds</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin Enters Critical Phase: Analyst Foresees Further Uptrend if This Key BTC Price Level Holds

Table of Contents

CaptainAltcoin

Other articles published on May 23, 2024

Multipool Enters Partnership with Mobilum Offering Users Fiat to DeFi On/Off Ramp (23 May)

Wrapped Bitcoin Falls More Than 3% In 24 hours

Top 3 Altcoins with Strong Community Support

19 Trillion Shiba Inu Forms Most Important Resistance to Watch

Bittensor (TAO) Triggered Breakout: Major Rally Still On Cards

Crypto Prices Today May 23: Bitcoin Rides Rollercoaster While ETH, XRP, DOGE Bleed

Join our free newsletter for daily crypto updates!