The latest rise in Bitcoin has sparked huge investor confidence and bullish momentum in other tokens. It is expected that this trend will continue for a period of time, helping prices break through temporary resistance levels of $28000 and further break through $30000
The latest rise in Bitcoin has sparked huge investor confidence and bullish momentum in other tokens. It is expected that this trend will continue for a period of time, helping prices break through temporary resistance levels of $28000 and further break through $30000. In addition, the trend of prices rising above the 2023 high and ensuring levels above the key resistance level of $32000 is also expanding.
Can BTC prices maintain a healthy increase in 2023? If so, can this be seen as the beginning of the next bull market?
The BTC price has rebounded from a mid-term low below $16000 and has since been forming continuously rising highs and lows. In the long run, prices are expected to maintain a healthy increase. But this trend may remain bearish until the end of the first half of 2024. Popular analyst Rager believes that the Bitcoin bull market may start at the end of 2024, and a new ATH may form in 2025.
The analyst sees $25000 as a local bottom and presents his forecast. Regardless of whether a bull market has yet to arrive, analysts believe that prices will continue to rise in the next 1.5 years.
If BTC $25K is the new local bottom, I hope to see such things happen in the next 1.5 years,
TLDR:
The upward trend exceeds $30K
Pull it back
Bitcoin halves and rebounds first
Main pullback, only the last major drop before the rise
The upward trend of the bull market starts from the mid to late 2024
A new high in 2025
At present, BTC prices appear very strong and confident in the upcoming trend. It is believed that the price will regain $30000 and further experience strong bearish actions. Therefore, unless bulls start to rise healthily, the beginning of a bull market may not be verified.
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