Rally

Cryptocurrency

Momentum

<ul>
 <li>#<a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" title="Bitcoin price" class="f-link">Bitcoin price </a>remains strong above the $60,000 support zone, building a base before starting an upward trend above $62,000 resistance.</li>
 <li>Momentum increases as $BTC gains traction above $62,000, indicating a possible rise towards the $65,000 barrier label.</li>
 <li>Bullish experiencing increases as Bitcoin breaks the bullish pennant formation, which is frequently an indicator to a significant upward surge.</li>
 <li>Fibonacci levels indicate Bitcoin's readiness to challenge the 100% Fib level, potentially leading to a breakout for a new all-time high.</li>
 <li>Weekly chart analysis reveals a breakout from an inverted head and shoulder pattern, suggesting potential uptrend continuation if the rally sustains above $64,000.</li>
 <li>Buyers anticipate Bitcoin's price to surpass the $69,000 mark amid this breakout rally.</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" title="Coin Gabbar analysis" class="f-link">Coin Gabbar analysis</a>, #Bitcoin Price Prediction 2030 seems to be $200,000, with Bitcoin Price Prediction 2040 close to $500,000.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $65,000-$67,000
SUPPORT LEVEL : $62,000-$60,000
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Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Bitcoin Price Prediction: $70k Looms Amidst Market Rally

Coingabbar

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