CandleFocus Analyst Predicts Bitcoin Could Surge 150% to $170K After $100K Milestone
2024-11-25
Author: Content Editor
Bitcoin is approaching $100,000 and analysts predict it could surge up to $170,000. Bitcoin's price currently stands at $98,337.84, with a modest gain over the past 24 hours. Analysts suggest that Bitcoin could reach $102,000 to $104,000 before a significant pullback, potentially aligning with a CME gap between $78,000 and $80,000. Dropping below $73,000 may trigger sell-offs, but history suggests a sharp recovery could follow. Bitcoin's monthly RSI has surpassed the 70 level, indicating potential price increases. On-chain metrics and whale accumulation suggest the ongoing rally may be in its early stages.
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