π Following a shift in sentiment, Bitcoin (BTC) is now looking strong as it charges towards $73,000 π. It has established base support and formed a new bullish pattern on the daily chart, poised for a potential explosion.
π With the halving approaching, Bitcoin's price is gearing up for another upward movement, showing increased volatility and significant surges in price.
πͺ 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.
π 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.
π 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.
π Spot Price: $72,300
π Trend: Bullish
π Volatility: High