Currently, the price of
BTC
has encountered a very strong resistance zone. Such zones are rarely broken through at once. I expect some time of accumulation in the range of 35-40k, and by the end of the year, a breakthrough and consolidation above 40k. The main target is 48k, where there is both a strong resistance zone and the completion of the correction at the Fibonacci level 0.618 of the entire decline that began in November 2021. I believe this will happen in Q1 2024.
Many experts converge on the idea that a spot ETF for Bitcoin will be approved by January 10, 2024. If this happens, the movement and dynamics could accelerate significantly, and reaching 48k could occur much faster.
BTC
has encountered a very strong resistance zone. Such zones are rarely broken through at once. I expect some time of accumulation in the range of 35-40k, and by the end of the year, a breakthrough and consolidation above 40k. The main target is 48k, where there is both a strong resistance zone and the completion of the correction at the Fibonacci level 0.618 of the entire decline that began in November 2021. I believe this will happen in Q1 2024. Many experts converge on the idea that a spot ETF for Bitcoin will be approved by January 10, 2024. If this happens, the movement and dynamics could accelerate significantly, and reaching 48k could occur much faster.
