Crypto Analyst Charts Bitcoin Course To New $77,604 All-Time High
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After reaching a peak of $73,400 in March 2024, Bitcoin has retraced and stayed below this high for four months. However, "Melikatrader94" on TradingView predicts an ultimate rise to $77,604.
The analyst's thesis is based on bullish chart patterns. A key point is Bitcoin breaking out of a descending trend line, indicating a return of bullish pressure. Multiple confirmations on the chart suggest a strong rally could follow.
Nevertheless, the path to $77,604 will have hurdles. The first major resistance level is anticipated at $70,000, followed by another at $73,612. These could serve as re-entry points.
A new high for Bitcoin will likely have a positive impact on the broader crypto market, as Bitcoin often leads the movements of altcoins. The featured image was created with Dall.E, and the chart by TradingView.com.
Kaynak: www.newsbtc.com ↗
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