Expert Analysis on Bitcoin Price Movements: Potential Crash Scenario If Support Level Broken
Monday, 1 April 2024, 10:29
Bitcoin Price Analysis
For two consecutive quarters, Bitcoin (BTC) has been trading higher, nearly tripling its price in six months' time.
Critical Support and Resistance Levels
- $67,000 support level to watch for potential downtrend
- $71,700 for a breakout to ATH
Expert insights suggest that a drop below $67,000 may initiate a downward trend, while a surge above $71,700 could confirm an uptrend.
Expert Predictions
Analysts project that Bitcoin could surge to $150,000 or even $300,000 by 2024, based on past performance and market dynamics.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.