πŸ“ˆ BITCOIN PRICE ANALYSIS & PREDICTION (APRIL 8) – BTC SIGNALS ANOTHER RALLY WITH DOUBLE-BOTTOM FORMATION, INCOMING NEW HIGH? πŸš€

Irma - Apr 8 - - Dev Community

πŸ“ˆ Following a shift in sentiment, Bitcoin (BTC) is now looking strong as it charges towards $73,000 πŸš€. It has established base support and formed a new bullish pattern on the daily chart, poised for a potential explosion.

πŸ“Š With the halving approaching, Bitcoin's price is gearing up for another upward movement, showing increased volatility and significant surges in price.

πŸ’ͺ Bitcoin found solid support levels above $60,700 in March and above $64,000 last week, bouncing back with a strong bullish formation on the daily chart.

πŸ”„ While a broader retracement may occur after the halving, failure to retrace could lead to a parabolic movement. Currently, there are no signs of selling pressure, with bulls defending key support levels.

πŸ‚ Bulls are targeting the previous resistance of $73,777, eyeing $75,000 and $80,000 as future milestones. Key pullback levels are at $71,800, $69,000, and $64,500, with potential further downside to $60,775 if critical support is lost.
πŸ“ˆ Spot Price: $72,300
πŸ“ˆ Trend: Bullish
πŸ“ˆ Volatility: High

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