These Levels All Suggest Bitcoin Could Rally to $48,000 Before Peaking

These Levels All Suggest Bitcoin Could Rally to $48,000 Before Peaking


Bitcoin has seen some wild price action today, setting new all-time highs before facing a 10% pullback that took place over the span of a few minutes This pullback was short-lived and has mostly been erased in the time since This type of volatility is to be expected in bull markets and is certainly not something indicative of a mid-term or long-term top It is important to also keep in mind that while BTC retraced heavily for a short period of time, the buying pressure at $36,000 was intense One analyst is now noting that a confluence of different factors all suggest that a move past $40,000 could be imminent He notes that the crypto could peak around $48,000 in the weeks ahead

Bitcoin has seen some wild volatility throughout the past few days and weeks, with its rally reaching a boiling point this morning when bulls sent it flying up to highs of $40,000 before it

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