- Price Range: The current sentiment leans towards a bullish outlook for Bitcoin. Predictions suggest Bitcoin could be trading within a range, with the lower end around $61,000 and potentially reaching up to $64,000 or slightly higher if bullish momentum continues.
- Technical Analysis:
- Short-term: There’s mention of a critical level that, if flipped, could lead to a strong upward move. The daily and 4-hour charts suggest inefficiencies that, once resolved, might push the price higher.
- Long-term: Weekly analysis indicates a bullish continuation due to closing above certain key levels, suggesting that Bitcoin might continue its upward trend into Monday.
- Market Sentiment:
- Sentiment from X posts indicates a positive outlook, with some users suggesting that holding above key levels like $62,800 could keep the bullish momentum going. There’s also mention of liquidity targets and patterns that could influence price action, pointing towards a potentially volatile but upward-biased week.
- Price Targets:
- If Bitcoin maintains its current strength, expectations for Monday could see it testing or surpassing $64,000, with some optimism for reaching towards $68,000 to $70,000 if significant support levels hold.
- Caveats:
- The market could also see a correction if it fails to hold above $63,500 on the 4-hour chart, potentially dropping towards $61,800. However, the general sentiment seems to lean towards caution against shorting unless specific levels are breached.
Given this information, if Bitcoin starts Monday with positive momentum, maintaining above the mentioned support levels, it might see an increase, potentially aiming for the higher end of the forecasted range or beyond. However, always be prepared for market volatility, especially in the cryptocurrency space, where rapid changes in sentiment can lead to significant price movements in either direction.










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