-
Bitcoin price forecast: Prepare for a new peak
As I delve into the weekly Bitcoin chart, it's clear that the bullish momentum continues to surge. I'm setting my sights on a $79k target, driven by key technical formations and recent price dynamics. • We are on the brink of engaging with a double resistance magnet, which historically attracts price due to its technical significance. This includes: • A formidable red resistance line that has been tested twice before: marking the weekly highs of April 12th, '21 and October 18th, '21. • The upper boundary of the prominent yellow channel. • Regaining Historic Heights: Bitcoin has impressively recaptured its ... (full story)