Rally

bullish

Bitcoin

<p><a href="https://coinpedia.org/news/bitcoin-price-dip-to-3-week-low-yet-traders-see-opportunity-to-buy-the-dip/" rel="noopener noreferrer nofollow">Bitcoin</a> just made waves after a quick bounce from below $59,500, shooting up to around $63,400! Although it has pulled back to about $62,700, this still marks a remarkable 4% increase in just 24 hours. Could this mean that Bitcoin is gearing up for even bigger moves ahead?&nbsp;</p>  
<h2 class="wp-block-heading" id="h-bitcoin-could-break-above-64k-nbsp">Bitcoin Could Break Above $64K&nbsp;</h2>  
<p>Bitcoin recently dipped below $59,500 but quickly bounced back, showing strong movement. Analyst Michael Van de Poppe believes this trend could lead to further price increases in the coming days.&nbsp;</p>  
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<p>He suggests that Bitcoin might consolidate for a few days before a significant upward movement begins next week. Breaking through the key resistance levels between $64,000 and $65,000 is crucial, as it could signal a major shift in the market.</p>  
<p>If this happens, it may lead to new all-time highs and a surge in altcoin markets. With the current price fluctuations and the potential for bullish trends, investors are closely watching <a href="https://coinpedia.org/news/is-bitcoin-ready-to-break-free-from-the-60000-slump-eyeing-for-80k/" rel="noopener noreferrer nofollow">Bitcoin’s movements</a>. If the breakout occurs, it could signal a broader market uptrend, benefiting various altcoins.</p>  
<h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin Price Analysis</h2>  
<p>As of now Bitcoin is currently <a href="https://markets.coinpedia.org/bitcoin/" rel="noopener noreferrer nofollow">trading around $63,000</a> and the 100-hour simple moving average. It may face resistance around $63,620 due to a bearish trend line forming at that level.</p>  
<p>Meanwhile, the first major resistance is at $66,650, which is the 50% Fibonacci retracement level from the recent drop. If Bitcoin breaks above $63,650, it could rise further, with the next key resistance at $64,000.</p>

Is Bitcoin Poised to Break $64K? Analysts Eye Next Big Rally After 4% Surge!

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