The price of Bitcoin has experienced a revival from the $65,000 level, where it was some days back. And it seems to be on the way to reaching a new All Time High (ATH).
By observing the day chart, it shows a symmetrical triangle pattern, and in recent time; the market is testing the resistance of this pattern. And if the price breaks the resistance upwards, then Bitcoin price may rise to $75,000, and thereby achieving a new ATH.
And the Relative Strength Index (RSI) shows a value that is beyond 50%, indicating that there's a very high chance and probability that Bitcoin price may experience as surge.
The market observers have been seeing the price of BTC rebounding beyond the $70,000 mark. And this pattern makes market observers optimistic, and in expectation that Bitcoin will most likely find a new All Time High (ATH). And by observing the behavior of investors, it shows a lot of anticipation for BTC price surge.
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