#BitcoinPrice
#Cyptocurrency
#BullishBitcoin
#BTCUSD
#TradingView
#ResistanceZone
#FibRetracementLevel
#RelativeStrengthIndex
Bitcoin’s price has successfully surpassed the resistance levels set at $44,500 and $44,700, witnessing a remarkable increase of over 5%. This growth in the cryptocurrency’s value has led experts to speculate on a potential rise towards a substantial value of $48,000. Additionally, Bitcoin has been able to maintain its upward trajectory, staying well above the resistance zone of $45,500. The current trading price hovers over $45,000, showing a positive performance on the 100 hourly Simple Moving Average.
Moreover, Bitcoin appears to have broken through a crucial contracting triangle, which earlier restricted upward mobility at around $44,000. If this positive trend continues, experts predict a surge towards the $48,000 level, provided there are no significant closures below $44,000. A movement towards this significant marker would represent a fresh wave of increase in Bitcoin’s value, following its boost from the $43,500 resistant zone. Bitcoin continues to demonstrate a bullish momentum, having passed the $44,000 and $44,500 levels, therefore moving towards a positive zone.
Image: https://weeklyfinancenews.online/wp-content/uploads/2023/08/RANKING-1.png
Comments are closed.