Cryptocurrency

Rally

Bitcoin

<ul>
 <li>#<a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" title="Bitcoin's price" class="f-link" rel="noopener noreferrer nofollow">Bitcoin's price</a> surpassed the $52,000 resistance level, signaling a continued upward trend.</li>
 <li>The presence of multiple bullish engulfing candles on the daily chart suggests strong buying momentum.</li>
 <li>An inverted head and shoulders breakout has occurred, surpassing the 61.80% Fibonacci neckline.</li>
 <li>$BTC weekly chart indicates a significant uptrend, accounting for a 23% increase over the last two candles.</li>
 <li>Technical analysis points to the next resistance level at $55,000, with the previous closing peak noted at $65,000.</li>
 <li>As per <a href="https://www.coingabbar.com/en/price-prediction" title="Coin Gabbar prediction" class="f-link" rel="noopener noreferrer nofollow">Coin Gabbar prediction</a>, #Bitcoin Price Prediction 2030 is $200,000, with Bitcoin Price Prediction 2040 around $500,000.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $52,600-$53,400
SUPPORT LEVEL : $51,300-$50,700
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:Market Rally Shows Signs of Cooling

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