2024

Bitcoin

<h2 id="span-data-font-font-size-style-font-size-20px-bitcoin-broke-the-critical-pattern-setting-a-target-above-50-000-br-span">Bitcoin broke the critical pattern, setting a target above $50,000. </h2>
<ul>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar Technical Analysis</a>, 1. Bitcoin formed a base above the $41,500 support zone.</li>
 <li>After trading sideways, The BTC price broke through previous highs.</li>
 <li>Bitcoin's recent breakout from a four-week pennant pattern is notable.</li>
 <li>BTC is gaining momentum, surpassing $44,000 and $44,500 resistance levels.</li>
 <li>Recent rumors of spot ETF approval have fueled a fresh increase in Bitcoin price.</li>
 <li>Bitcoin's price is up by over 7.70%, clearing the $45,000 resistance.</li>
 <li>Positive signs are evident as Bitcoin maintains a closing price above the $45,000 resistance level.</li>
 <li>The BTC price broke out of an ascending triangle, aiming for the next resistance at $47,600.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $46,000-$46,600
SUPPORT LEVEL : $45,400-$44,800
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice

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