Bitcoin has experienced a significant surge in the last 48 hours, increasing by nearly 20% and reaching the $60,000 mark.
From this point, we encounter multiple resistances, and with the current stretched price, it poses a greater risk for those holding positions.
There are resistances in the range of $62,000 to $63,000, and Bitcoin's all-time high (ATH) is close by, at $68,000. Therefore, it's likely that we will see a significant correction in this area above $60,000.
The break above the upward trend channel suggests the formation of a new channel, with a steeper incline and faster growth rate than previously observed.
We are approaching the halving, scheduled to occur around April 21. As this event is anticipated, the price is likely to fall near this date to adjust expectations.
I believe this bullish run could potentially reach at least $100,000 within this year.
Portfolio:
From this point, we encounter multiple resistances, and with the current stretched price, it poses a greater risk for those holding positions.
There are resistances in the range of $62,000 to $63,000, and Bitcoin's all-time high (ATH) is close by, at $68,000. Therefore, it's likely that we will see a significant correction in this area above $60,000.
The break above the upward trend channel suggests the formation of a new channel, with a steeper incline and faster growth rate than previously observed.
We are approaching the halving, scheduled to occur around April 21. As this event is anticipated, the price is likely to fall near this date to adjust expectations.
I believe this bullish run could potentially reach at least $100,000 within this year.
Portfolio:
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