The upward movement accelerated in October, leading to a high of $49,050 in January 2024.
BTC price fell afterward, validating the 0.618 Fib retracement level as resistance (red icon) and leading to a decrease to $38,500.
regained footing and has created four weekly bullish candlesticks. This culminated with a Bitcoin weekly close of $52,900 last week, the highest since 2021.
What Are Analysts Saying?
CryptoMichNL believes the BTC price will reach $100,000 before halving. CrediBULL Crypto suggests the price can retest $50,000 before moving higher.
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