Bitcoin aims for $72,000: Here's what it needs to hit the next milestone
Bitcoin technical analysis and key levels
According to expert technical analysis, BTC looks bullish on the daily time frame and could reach the next hurdle of $72,000.
Looking at the current market sentiment and bullishness in the crypto market, BTC can easily break this resistance level.
Source: TradingView
Despite this bullishness, BTC has tried to break through the $72,000 mark five times since March 2024, but failed every time, according to price action and historical data.
This time, if BTC breaks through this level and daily candle closes above $72,000, we may see bullish momentum above $74,000.
Expert BTC Predictions
However, experts and investors also look more bullish with BTC. On July 26, a long-term crypto investor posted on X (previously Twitter) that BTC's initial target was the $85,000 level.
Additionally, he also shared a wedge price action pattern that widens the bullish decline.
In addition to the above predictions, on July 27, MicroStrategy founder and chairman Michael Saylor also posted about X and shared Bitcoin's 21-year price forecast.
According to expert technical analysis, BTC looks bullish on the daily time frame and could reach the next hurdle of $72,000.
Looking at the current market sentiment and bullishness in the crypto market, BTC can easily break this resistance level.
Source: TradingView
Despite this bullishness, BTC has tried to break through the $72,000 mark five times since March 2024, but failed every time, according to price action and historical data.
This time, if BTC breaks through this level and daily candle closes above $72,000, we may see bullish momentum above $74,000.
Expert BTC Predictions
However, experts and investors also look more bullish with BTC. On July 26, a long-term crypto investor posted on X (previously Twitter) that BTC's initial target was the $85,000 level.
Additionally, he also shared a wedge price action pattern that widens the bullish decline.
In addition to the above predictions, on July 27, MicroStrategy founder and chairman Michael Saylor also posted about X and shared Bitcoin's 21-year price forecast.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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