Ethereum

bullish

Solana

World

Bitcoin

Analysts are optimistic about Bitcoin, pointing out that it continues to show <a href="https://coinpedia.org/price-analysis/btc-price-crosses-71k-poised-for-90k-by-novembers-end/" target="_blank" rel="noreferrer noopener">strong signals for a bull market</a>. The price remains above a critical support level, bouncing back and positioning itself for a possible breakout.   
While Bitcoin's trajectory appears bullish, other cryptocurrencies are showing mixed signals. Ethereum is playing out a short-term bullish divergence, indicating <a href="https://coinpedia.org/news/why-ethereum-price-is-surging-today-what-next-for-eth-price/" target="_blank" rel="noreferrer noopener">possible upward momentum</a> in the near future. On the other hand, Solana is struggling around a resistance level, which could limit its potential for immediate gains.   
<a href="https://www.youtube.com/watch?v=Fi92KseQivo" target="_blank" rel="noreferrer noopener nofollow">Analyst Josh of Crypto World</a> is currently watching the critical BTC resistance levels at approximately $69,200, $70,000, and $72,000. If Bitcoin breaks above these levels, it could pave the way for new all-time highs. Here’s why:   
$69,200: This level has historically served as a point of resistance, and a breakthrough here could signal stronger upward momentum.   
$70,000: Crossing this psychological barrier is crucial, as it may trigger increased buying activity and potentially lead to a short squeeze.   
$72,000 and above: Additional resistance is noted just below this level, with further challenges expected around the previous all-time high of approximately $73,500.   
However, at the time of writing, Bitcoin is up by more than five percent and is trading slightly above the $71k level.   
<h2 class="wp-block-heading" id="h-long-term-indicators">Long-Term Indicators</h2>   
On the weekly chart, Bitcoin's RSI has broken through a significant descending resistance line, a move that historically led up to major bull runs. This pattern suggests a bullish momentum over the next year, even as the market experiences short-term fluctuations.   [post_titles_links postid="373562"]   
<h3 class="wp-block-heading" id="h-potential-short-squeeze">Potential Short Squeeze</h3>   
Recent trading activity indicates the potential for a short squeeze, especially if Bitcoin can break above $71,000. This scenario would add buying pressure as short positions get liquidated, potentially driving prices higher.

Bitcoin Price Prediction: With $71,000 Under Their Belt, Bulls Set Sights on New ATHs

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