As Bitcoin regains strength, experts and traders are already eyeing a new all-time high for the little orange coin. However, despite the general excitement, there are two specific events to watch for before confirming this trend.
The entire crypto world is focused on Bitcoin, which is showing more and more bullish signs. When will the next rebound happen ?
Bitcoin sets a new course
One thing is certain: the last few days haven’t been easy for Bitcoin (BTC). The little orange coin is bouncing back after reclaiming the $64,000 level, and despite a slight downturn today, BTC seems poised for a solid comeback.
According to data shared by the Deribit platform, traders genuinely believe in the imminent rise of Bitcoin. In the last few hours, options betting on a price between $73,000 and $100,000 have flooded the market.
While it may seem overly optimistic to expect a $100,000 token in the coming weeks, analysts agree that a Bitcoin exceeding its all-time high could happen soon. The Bollinger Bands indeed seem to support this potential.
Caution: The climb is far from stable
Now that we know Bitcoin might be aiming for possible new all-time highs in this cycle, the question is when. The path is still full of obstacles, with two significant resistances at $64,500 and $67,000. There’s a high risk of rejection, so reaching new highs might not happen immediately.
Additionally, more liquidations are expected! This is a scenario that Crypto Tony seems to confirm, predicting an upward move in BTC to $80,000 followed by a much steeper drop to $60,000.
👉 Also in the news – Crypto AI: A major bull run is expected by late May, bho bhould you bet on?
The moral of the story: if arrogance precedes ruin, Bitcoin’s hubris precedes downfall.
Sources : Titan of Crypto X account / Goku’s X account / Crypto Tony’s X account
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