Bitcoin

<ul><li>Bitcoin&#39;s current consolidation near $67K could lead to a breakout towards $105K if it clears $73K resistance.</li><li>Breaking the $180K resistance on a logarithmic scale could push Bitcoin towards targets between $300K and $400K.</li><li>With a 1-day RSI of 62.25 and MACD above the signal line, Bitcoin shows neutral to bullish short-term momentum.</li></ul><a href="https://cryptotale.org/crypto-analysts-forecast-intriguing-months-ahead-for-bitcoin-investors/" rel="noopener noreferrer nofollow">Bitcoin&#39;s</a> monthly chart is showing promising signs as the cryptocurrency continues its impressive journey. As highlighted by <a href="https://x.com/SuperBitcoinBro/status/1815469965061099654" rel="noopener noreferrer nofollow">SuperBro</a>, an analyst, the current price action suggests a potential consolidation phase within the $90,000 to $110,000 range. This consolidation could set the stage for a major breakout towards higher targets.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcfYqyR52_88l2mA9FjAaNObHuaW9z7bBQ2kf7SJ_DvncTwo3SXf5jY2pFcSed1saXlAcapx2PpkcNbwR5e72Ae5Ewd9FdgVE7y-ef9dAc4YZsKWgRbV-KQM0EQcQmEk3XvmCYwZuGr-TiT5x6ytKAlKXU?key&#61;HtT66kYaIO1ZyCwcLec6bA" />On a linear scale, resistance is near $73,000. This level could act as a barrier before Bitcoin can advance further. Beyond this, the logarithmic scale presents a more ambitious target. The resistance in this scale is around $180,000. This level reflects long-term growth trends and could indicate a much higher potential if <a href="https://cryptotale.org/heres-why-bitcoins-90k-110k-consolidation-could-ignite-major-gains/" rel="noopener noreferrer nofollow">breached.</a><a href="https://cryptotale.org/heres-why-bitcoins-90k-110k-consolidation-could-ignite-major-gains/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Here's Why Bitcoin’s $90K-$110K Consolidation Could Ignite Major Gains

CryptoTale

Alte articole publicate pe 24 iul. 2024

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