Bitcoin’s Bullish Outlook Hinges on Key Support Levels
- Bitcoin is projected to reach $340,000 if it stays above the $91,000-$100,000 support zone.
- The cryptocurrency recently hit a new all-time high of $111,970 before a price correction.
- Current Bitcoin trading price is $104,739 with a daily volume of $40.03 billion.
- A cup-and-handle pattern suggests potential for significant gains in the current bull cycle.
- Resistance levels are identified at $106,000 and $109,000 for further upward movement.
PlanD highlights that Bitcoin’s bullish momentum could lead to a price target of $340,000 if it maintains support above the critical $91,000-$100,000 range amidst recent fluctuations.
Source (2.6)https://www.newsbtc.com/news/bitcoin/bitcoin-tipped-for-340000-target-if-this-support-level-holds-details/?rand=52377
