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The Bitcoin price is playing exactly as we predicted in our previous analysis Bitcoin Finds Support But Still In Bearish Territory. Watch This Level Next!. The next target for Bitcoin right now is a break of the $61,536 ATH.
A break of this ATH could see the Bitcoin price surging all the way to the $65k region in no time.
To take advantage of this Bitcoin trade setup, you can sign up using this link to get up to $200 after your first deposit.
Bitcoin Still Grossly Undervalued
While the Bitcoin price might be looking overbought to a lot of traders, it is important to note that Bitcoin is still vastly undervalued and in the long run, the Bitcoin price can surge as high as $100k per BTC.
We can already see a lot of coperate organisations and Big firms steping into the market to take chunk for themselves. If this trend continues to go on, we can expect to see Bitcoin become very scarce in the nearest future.
This would accelerate the Bitcoin price surge to highs never recorded before.
What Next For The Bitcoin Price?
The key level we are still keeping an eye on is the $58,274 resistance level now turned support. We want to see the Bitcoin price continue to trade above this level in the coming days.
To take advantage of this Bitcoin trade setup, you can sign up using this link to get up to $200 after your first deposit.
We also created a video below where we talked more in-depth about the patterns developing on the Bitcoin Chart as well as key fundamental factors that might affect the Bitcoin price to the $700k region in the coming years.
To gain more information on how to partake in this coming Bitcoin Bull run and trade this cryptocurrency, you can read my How To Trade Bitcoin Guide. You can also check my top list of Best Bitcoin Exchanges To Trade With
