The market has been consolidating in the past week
Waiting for an outbreak
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) has experienced a significant upward trend recently, with its price rising by 2.41% in the past 24 hours to $66,364, and an impressive 30.06% in the past 30 days.
There was also a positive change in market capitalization, which increased by 2.4% to $1.3 trillion. The market has managed to break above the upper limit of the trading channel and is currently exploring the $67,000 to $69,000 range.
If this threshold is exceeded, we can expect the price to rise to the previous peak of around $74,000, and possibly even higher.
Conversely, if Bitcoin price falls back inside the channel, things could turn negative, indicating a false breakout. This could lead to a drop in the price, taking it back towards the $60,000 mark in the short term.
The bull market is here, if you don’t know how to operate it and are still confused, please like and follow, introduction! In the last bull market, there were dozens of 100x coins and hundreds of 10x coins. In this bull market, more 100x coins will explode. Next, I will announce the password for the next 10x coin during the Bitcoin halving period! If you follow the trend, the pigs will fly into the sky! Guessing is worse than being sure!
