Bitcoin's Next Move After The Halving? Technical Analysis Foresees These 2 Scenarios
Portfolio Pulse from Murtuza Merchant
Bitcoin (BTC) is in a new bull market cycle, with a crucial support level at $60,000 and a resistance level at $100,000. Technical analysis suggests two scenarios: a swift surge towards $100,000 or a period of sideways movement around $60,000. The cryptocurrency's trajectory could also see a parabolic rise to $140,000-$180,000 due to FOMO.

April 22, 2024 | 2:34 pm
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Bitcoin is in a bull market cycle with potential for significant price movements, either towards $100,000 or maintaining around $60,000.
The analysis indicates a bullish outlook for Bitcoin, with a significant support level at $60,000 that could act as a springboard for future price increases. The potential for a swift surge to $100,000 or a parabolic rise to $140,000-$180,000, driven by FOMO, suggests a positive short-term impact. However, the possibility of a sideways movement around $60,000 also exists, which could lead to increased volatility in the altcoin market.
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