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Will the Bullish Bitcoin (BTC) continue? What is the latest situation?
What are the subsequent price movements of Bitcoin (BTC), which increase its performance as the halving process approaches?
Experienced-Investor-Assertive-Bitcoin-Predicted-View-Six-Digits-1138x640.webp
With about 50 days left until halving, Bitcoin (BTC), which is slowly gaining momentum, continues to cost above $60,000. The leader of the cryptocurrency, which closed weekly above the critical level, is making the rally clear day by day. The BTC company, which began bringing altcoins later with its own Rise, filled crypto investors with joy. So, can this price movement on the BTC side continue? What levels might be important to monitor?
With ATH passing, a whole different season could begin!
Only BTC, just 10% away from the current ATH, could surpass $68.945 if the market continues to get excited. With this level exceeded, the flow of hot money into the sector will increase and the crypto investor inside will become more enthusiastic. After that, the Fibonacci indicator can be used to monitor resistance levels. The most important resistance level will be $100,000, which is a psychological challenge.
Factors such as excitement dropping by half, the arrival of fud news that could drag the market down, or BTC starting a daily close below $60,000 will strengthen sellers' hands. In such a scenario, a decline to $61,838 – $57,800 – $53,230 – $50,465 – $46,940 and $42,025 can be observed.