Cryptocurrency

Bitcoin

Coin

<ul>
 <li>#<a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" title="Bitcoin's price" class="f-link">Bitcoin's price</a> is currently hovering near the $52,000 level.</li>
 <li>$BTC is consolidating recent gains and may target further upside towards the $55,000 resistance level.</li>
 <li>However, on the daily chart, the upper resistance of the expanding megaphone pattern suggests a potential retracement in the short term.</li>
 <li>If bulls fail to breach the $53,000 level, the price could correct towards the range of $50,000 to $48,000, near the 61.80% Fibonacci retracement levels.</li>
 <li>Yesterday, a Doji candle formed at the top, signaling a potential trend reversal.</li>
 <li>Market participants are anticipating the release of the Producer Price Index (PPI) today.</li>
 <li>As per <a href="https://www.coingabbar.com/en/price-analysis" title="Coin Gabbar analysis" class="f-link">Coin Gabbar analysis</a>, #Bitcoin Price Prediction 2030 is $200,000, with Bitcoin Price Prediction 2040 around $500,000.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $52,800-$53,600
SUPPORT LEVEL : $51,300-$50,400
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Bitcoin Price Prediction: Is a Correction on the Cards

Coingabbar

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