The post Bitcoin Price Enters Pivotal Zone; Can the Bulls Trigger a Bullish Breakout to Reach $80,000? appeared first on Coinpedia Fintech News
In an interesting move, Bitcoin revived a fresh upswing and is trying hard to breach above pivotal resistance levels. Now that the Bitcoin halving is just 25 days away, the markets are about to become more volatile. As a result, the BTC price is expected to break through the crucial levels, indicating the bulls are gearing up for a magnificent run.
The BTC price in the short term has undergone an A-B-C correction and is now consolidating in a very narrow range. However, in the longer time frame, the price appears to be extremely bullish, as it is about to break above the crucial resistance levels. With this, the possibility of a larger run may become imminent as the resistance could transform into strong support levels, which may lead the price towards $80,000 in the next few days.
The BTC price in its weekly chart has soared a
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