bullish

Future

World

Bitcoin

<p>Currently, <a href="https://coinpedia.org/price-analysis/crypto-market-live-today-bitcoin-hits-64000-ethereum-2500-heres-what-to-expect-as-bears-remain-vigilant/" target="_blank" rel="noreferrer noopener">Bitcoin is displaying a bullish divergence</a> as it approaches a significant resistance level. This movement is crucial for confirming a double-bottom pattern, which many analysts believe could signal a potential upward trend. On Friday, a major event occurred in the Bitcoin market with a massive net <a href="https://coinpedia.org/press-release/lunex-network-and-kaspa-price-predictions/" target="_blank" rel="noreferrer noopener">inflow into spot Bitcoin ETFs</a> amounting to over $236 million.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-technical-analysis-of-bitcoin"><strong>Technical Analysis of Bitcoin</strong></h2>   
<p><a href="https://www.youtube.com/watch?v=xQ1vv-KLaMY" target="_blank" rel="noreferrer noopener nofollow">Analyst Josh of Crypto World </a>said that the market remains largely unchanged. However, BTC is inching closer to a critical resistance line that has been a barrier for most of the year, currently sitting at approximately $66,000. A breakout above this level, ideally surpassing $68,000, would provide greater confidence in a sustained bullish trend rather than a mere short-term uptick amidst a larger bearish market.</p>   
<p>Bitcoin has maintained support in the range of $60,200 to $62,200. The price is now advancing toward resistance between $64,100 and $64,500. A successful breakout beyond this zone could lead to more significant resistance levels around $67,000 and $68,000.</p>   
<h2 class="wp-block-heading" id="h-future-projections"><strong>Future Projections</strong></h2>   
<h3 class="wp-block-heading" id="h-potential-for-double-bottom-pattern"><strong>Potential for Double Bottom Pattern</strong></h3>   
<p>Bitcoin is on the verge of potentially confirming a double-bottom pattern, with the critical breakout line at approximately $63,800. Achieving a couple of candle closes above this resistance would not only validate the pattern but could also lead to bullish price targets at $67,200 and $68,300.</p>   [post_titles_links postid="365296"]   
<h3 class="wp-block-heading" id="h-liquidity-and-market-dynamics"><strong>Liquidity and Market Dynamics</strong></h3>   
<p>Lastly, the liquidation heat map indicates significant liquidity to the upside between $64,500 and $65,000, which will be crucial to watch as the market progresses. This area could act as a pivotal point for traders looking to capitalize on the current bullish momentum.</p>   
<p>At the time of writing, Bitcoin is down by more than one percent and is trading at $62,600 levels.</p>

Bitcoin Price Prediction: Double Bottom Pattern Hints at Breakout Above $67000

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