Bitcoin Price Set to Soar with $110,000 Target in Focus
Monday, 29 April 2024, 12:48
Bitcoin's Bullish Bias
Bitcoin continues to consolidate below the $65,000 mark, with a parabolic trend since November 2022 lows, signaling a bullish sentiment.
Price Target and Forecast Analysis
Trading experts anticipate a 75% increase to a target of $110,000, supported by Fibonacci extension levels and historical price patterns.
Market Conditions
- The market is uncertain about Bitcoin's bottoming out amid post-halving retracement concerns.
- Both bulls and bears are closely monitoring the $60,000 support level for potential price movements.
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.