Bitcoin

Show

Resistance

Captain

Coin

<p>Bitcoin bulls have once again defended the crucial $60,000 support level, according to crypto analyst Captain Faibik (@CryptoFaibik). In a <a href="https://x.com/CryptoFaibik/status/1782607799559627136" target="_blank" rel="noopener noreferrer nofollow">tweet</a>, Faibik stated that Bitcoin is now “bouncing back strongly” after the defense of this key level. However, he notes, “Bulls need to Reclaim the Crucial 72k Resistance level to open the Doors for a Rally to 100k”.</p>
<h2 class="wp-block-heading" id="strong-bullish-outlook-bitcoin-s-path-to-100k-strong"><strong>Bullish Outlook: Bitcoin’s Path to $100K</strong></h2>
<p>Faibik backed up his bullish outlook with a weekly chart analysis depicting Bitcoin’s price movement over time. The chart highlights a period of price consolidation, where Bitcoin’s price traded within a defined range. This period is often seen as the market being undecided before the next major move.</p>
<figure class="wp-block-image is-resized"><img loading="lazy" decoding="async" width="680" height="325" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1041.png" alt="" class="wp-image-479494" style="width: 100%;height:auto" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1041.png 680w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1041-300x143.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1041-1024x489.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1041-768x367.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1041-1536x734.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1041-2048x979.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1041-314x150.png 314w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1041-100x48.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1041-732x350.png 732w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1041-788x376.png 788w" sizes="(max-width: 680px) 100vw, 680px">
</figure>
<p>Moreover, the analyst’s chart outlines a clear resistance level at the top of the consolidation range and a strong support level at the bottom. Significantly, the price has touched these levels multiple times without breaking through, reinforcing their technical significance.</p>
<p>Faibik’s analysis includes a predicted price path, represented by a red zigzag line, indicating his expectation for an upward breakout from the current consolidation pattern. This path culminates in a bullish price target in the range of $94K to $96K..</p>
<p>Lending further credence to the bullish outlook, Faibik highlighted in a separate <a href="https://x.com/CryptoFaibik/status/1782606159553126911" target="_blank" rel="noopener noreferrer nofollow">tweet</a> that Bitcoin’s daily Relative Strength Index (RSI) has broken out of a falling wedge pattern. He stated, “$BTC Daily RSI has broken out of a falling wedge Pattern, indicating Bitcoin is Ready for a 15-20% Bullish Rally.”</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="489" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1040-1024x489.png" alt="" class="wp-image-479486" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1040-1024x489.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1040-300x143.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1040-768x367.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1040-1536x734.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1040-2048x979.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1040-314x150.png 314w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1040-100x48.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1040-732x350.png 732w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1040-788x376.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1040.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="strong-price-action-strong"><strong>Price Action</strong></h2>
<p>According to CoinGecko’s data at the time of writing, Bitcoin’s price sits at <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noopener noreferrer nofollow">$66,266.57</a>, representing a 0.81% increase over the last 24 hours and a 5.29% gain in the past week.</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">
   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </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>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</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>While technical analysis does not guarantee future price movements, Faibik’s comprehensive chart breakdown and accompanying RSI analysis suggest a bullish outlook for Bitcoin. Traders and investors will closely monitor whether the top cryptocurrency can reclaim the $72,000 resistance level, potentially paving the way for the predicted rally towards $100,000.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<p><em>Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.</em></p>
<p>The post <a href="https://captainaltcoin.com/bitcoin-price-analysis-btc-bulls-defend-60k-support-analyst-predicts-rally-to-100k-on-key-condition/" rel="noopener noreferrer nofollow">Bitcoin Price Analysis: BTC Bulls Defend $60K Support, Analyst Predicts “Rally to $100K” on Key Condition</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin Price Analysis: BTC Bulls Defend $60K Support, Analyst Predicts “Rally to $100K” on Key Condition

目次

CaptainAltcoin

2024年4月23日公開の他の記事

Only Five Days Remain To Invest In Bitcoin Minetrix’s $13 Million Presale Before Post-Halving Pri...

BIG SHIB Profit: Can $500 in Shiba Inu turn into $1,000,000 After Bitcoin Halving? Find Out..

Crypto Influencer Goes Viral Pointing Out 'How Market Makers Manipulate Prices'

MEME Coin Mania: BEFE Coin Steals the Show This Week

Panda Swap Price Prediction: PANDA Skyrockets 28% As Traders Rush To Buy New SOL Meme Coin Slotha...

Canadian Provinces Clamp Down on Crypto Mining Energy Use

ニュースレターを購読して暗号資産の最新情報を毎日入手！