Bitcoin Weekly Chart Analysis ( All Time high Also Predict )

23 мар. 2023 г.

Bitcoin Weekly Chart Analysis: Price Expected to Rise to $32,000

Bitcoin (BTC) has been on a bullish trend in recent weeks, with the cryptocurrency printing the biggest weekly candle in its entire history. As of now, BTC is trading at $28,000 and has broken through the weekend resistance, trading above the old resistance level of $25,000. The high time frame suggests that BTC is still bullish, and we can expect the price to reach around $32,000 in the coming days.

However, the $32,000 level is a strong resistance level, and there is a high chance that BTC could reject from there. It is also possible that there could be a retest at the $25,000 level before the price moves upward.

Looking forward, it is highly probable that we could see a new all-time high in 2025, with the price expected to reach between $150,000 and $180,000. It is essential to note that this is just a prediction and is subject to change depending on various factors.

In terms of support and resistance levels, the $25,000 and $20,000 levels are considered strong support Levels.
And $32000 is Strong Resistance Level.

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