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Analysts Predict 100% Increase for Solana (SOL), Testing Support at $120-$130

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Solana (SOL) continues to show strong bullish signals, setting the stage for a significant upward climb despite recent fluctuations. Over the past month, SOL experienced a notable decline, dropping by nearly 12%. However, the last week has seen a recovery, with SOL rising by 5%, indicating a potential shift in market sentiment.

As of the latest data, SOL is trading at $135.13, with a 24-hour trading volume of $5.83 billion and a market cap of $60.73 billion. In the past 24 hours, the SOL price has decreased by 5.24%. This recent dip could present an opportunity for investors looking to capitalize on the anticipated uptrend.

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Analysts Predict 100% Increase for Solana (SOL), Testing Support at $120-$130 3

Analysts Predict Solana Bounce to $180-$200

Despite the recent downturn, Solana’s long-term outlook remains positive. In a recent market update, prominent crypto analyst Crypto Cobra shared an optimistic outlook for Solana (SOL), asserting that the cryptocurrency remains bullish as long as the daily candle holds above the $120 mark.

According to Crypto Cobra, the ideal buying zone for Solana is between $120 and $130. His target price ranges for Solana are ambitious, starting from $150 and reaching as high as $250.

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SOL is currently testing the daily support zone of $120-$130. Analysts suggest that we might see a bounce towards $180-$200, with potential to reach $250, indicating a possible 100% increase from the current price level.

Adding to the bullish sentiment, another well-known analyst, Crypto Feras, predicted even more significant gains for Solana. Feras highlighted that SOL appears to be replicating its previous price action cycle and that if this pattern continues, SOL could reach $400 by late 2024 or early 2025.

These insights reflect growing confidence among analysts in Solana’s potential for substantial price increases, driven by strong support levels and historical price patterns. Investors and traders are closely watching these levels, anticipating significant returns if the bullish trends persist.

Both Crypto Cobra and Crypto Feras emphasize the importance of Solana maintaining its support levels. If the cryptocurrency can hold above $120, it may pave the way for considerable gains.

This analysis underscores the critical role of historical price patterns and support zones in predicting future movements. As SOL tests these levels, market participants are positioning themselves to capitalize on the anticipated upward momentum.

Related Reading |  Terra Classic USD (USTC) Climbs 7%, Analyst Predicts 360% Upside Potential

Analyst Predicts Ethereum Could Hit $8,348 Amid Positive Market Signals

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Ethereum (ETH) is showing strength by keeping its crucial support level and gearing up for a huge upward climb. Over the past week, ETH has increased almost 6%, highlighting its growth potential. Excitement is building as the launch of Ethereum ETFs gets closer, with many expecting the price to rise even more.

Currently, ETH is trading at $3,079.12, with a 24-hour trading volume of $16.51 billion and a market cap of $369.92 billion. Although the price dropped by 1.97% in the last 24 hours, the overall outlook for Ethereum remains positive. The upcoming launch of Ethereum ETFs is expected to attract more institutional investors.

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Analyst Predicts Ethereum Could Hit $8,348 Amid Positive Market Signals 6

Analyst Predicts Ethereum Could Hit $8,348

A popular crypto analyst, Javon Marks, has shared a highly optimistic outlook on Ethereum (ETH). He believes ETH’s price could rise significantly, possibly reaching over $8,300 soon. Marks points out that ETH is ready for its next big move. He notes several positive signals in the market that suggest ETH is poised for a breakout.

Recently, Ethereum experienced a massive 240% increase before it saw a slight pullback. According to Marks, this pullback is not a cause for concern; instead, it’s part of the natural ebb and flow of the market.

During the 240% rise, each pullback actually helped support future increases, reinforcing Ethereum’s upward trajectory. The next major target for ETH is $4,723.5. Since this target hasn’t been hit yet, the recent sideways trading might just be setting the stage for another big jump of about 51.2% to reach this goal.

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Marks also highlights that this sideways trading is strengthening Ethereum’s position. The period of consolidation, during which the price trades sideways, generally indicates that an asset is gathering strength before its next move. A break above $4,723.5 could see ETH embark on another rally to new highs of $8,348.6 after a potential 75% price appreciation.

Javon Marks is overly optimistic about the prospects of Ether. According to him, ETH has eyed colossal gains as market movements and indicators strengthen. Key price levels that crypto investors and traders target for ETH will lead it toward hefty profits.

Related Reading | XRP Sees Potential Rebound, Analysts Eye $2 Amidst Market Volatility 

Analyst Eyes $6.70 to $11.50 Range for Filecoin (FIL) Amidst Resilient Price Action

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Filecoin (FIL) has emerged as a focal point of interest, poised for a potential breakout amidst recent volatility. Over the past week, FIL has shown resilience with a commendable 6% increase, despite grappling with a significant 23% decline over the previous month.

Key insights from crypto analyst Clifton Fx underscore that FIL is currently navigating under a descending channel in its daily timeframe. This technical pattern, often seen as a precursor to significant market movements, suggests that an upside breakout could trigger a robust bullish wave.

“Filecoin is at a crucial juncture,” notes Clifton Fx, highlighting the anticipation surrounding a potential breakout. Market participants are eagerly awaiting signs of sustained upward momentum, which could herald a bullish trend reversal.

As of the latest update, FIL is trading at $4.16, reflecting a notable 6.11% increase in the past 24 hours. The cryptocurrency boasts a substantial 24-hour trading volume of $440.08 million and commands a market capitalization of $2.31 billion.

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Analyst Eyes $6.70 to $11.50 Range For Filecoin (FIL)

Amidst the current market dynamics, Filecoin (FIL) continues to garner attention as analyst Jonathan Carter shares an optimistic outlook on its price trajectory. Carter highlights that FIL is currently trading within a broadening wedge pattern, showing signs of resilience as it rebounds from a critical support zone near $3.00.

“Filecoin’s recent price action indicates a strong support level around $3.00,” notes Carter, referencing historical data that underscores the cryptocurrency’s tendency to rally from such levels. This pattern, he suggests, could foreshadow similar movements in the upcoming altseason, a period characterized by increased investor interest and price volatility across alternative cryptocurrencies.

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Looking ahead, Carter anticipates a potential breakout scenario if Filecoin manages to breach the descending resistance. Such a move, he predicts, could propel FIL towards key resistance levels at $6.70, $9.50, and $11.50, marking significant milestones in its upward trajectory.

This bullish sentiment lends itself to the general rising optimism about the prospects of Filecoin in the cryptocurrency market. Keeping a close watch on these developments, Filecoin seems to reap its current sentiment by executing it amidst broader market fluctuations.

Related Reading |  Analysts Warn of Potential Downward to $18.80 for Avalanche (AVAX) 

VeChain (VET) Surges Amid Crypto Market Recovery: Is a Bullish Run on the Horizon?

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VeChain has become the trending asset in the cryptocurrency market, witnessing a massive surge in its value over the week. The VET price surged by 12%, marking a formidable recovery from the prolonged bearish phase. This ascent mirrors a tectonic shift in broader market sentiment from bearish to bullish, enabling altcoins like VET to claw their way back.

The market leader, Bitcoin, is on its way to recovery, filling the crypto space with sorely needed positive momentum. Furthermore, the expectation of Ethereum ETFs launching soon is bound to give a significant push to altcoins, which could spur the entire market into a bull run.

As of the time of writing, VeChain is trading at $0.026434 with a 24-hour trading volume of $36.77 million and a market capitalization of $1.92 billion. VET’s price surged by 2.61% in the last 24 hours, further highlighting the growing investor confidence in this asset.

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VeChain (VET) Surges Amid Crypto Market Recovery: Is a Bullish Run on the Horizon? 11

At the moment, VET is challenging resistance at the $0.03 level. This would present an obstacle that might see a response to the negative, but if it breaks out upwards, that would be a very positive sign. It could quite literally throw open the route for more significant gains and continue to build on this very bullish outlook for VET and, indeed, the altcoin market as a whole.

All eyes are on VeChain as the crypto market is on course for recovery. The real question lingers in the air: Is VeChain able to hold and hit new highs? The stage appears set for an exciting period ahead, with key market dynamics at play, including the recovery of Bitcoin and the upcoming Ethereum ETFs in place for VET and altcoins alike.

Analyst Predicts Major Surge for VeChain (VET)

In a recent analysis that rocked the cryptocurrency space, popular analyst Worlds Of Charts shared an optimistic forecast for VeChain. According to that analyst, his insights pointed out that VeChain literally stands at the threshold of a big jump and frames the scene for potentially big gains.

According to Worlds Of Charts, VeChain has already surged past its first resistance level, a move regarded by many as an important milestone and one that aligns with the analyst’s expectations. This now sets the scene for even more comprehensive gains as the cryptocurrency targets its main resistance level.

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The analyst explained that the “real bullish wave” for VeChain would begin when it finally breaks out upwards from its current descending channel. He further called for a strong breakout to propel its price up significantly higher.

Such an expected breakout would drive interest and investment to VeChain, further pushing its price up. As the market awaits this critical point, VeChain’s performance will be closely watched and followed. Provided this cryptocurrency breaks through the descending channel as it is expected, this may mark the beginning of a significant bullish phase, to confirm the optimistic stance of the analyst.

Related Reading | Singapore Exchange Closes Door on Cryptocurrencies, States No Immediate Plans for Listings

Analysts Warn of Potential Downward to $18.80 for Avalanche (AVAX)

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Avalanche (AVAX) has been navigating a challenging market environment, witnessing a significant downward trend over the past month. Specifically, AVAX has experienced an 18% decline, reflecting broader market pressures and investor sentiment. However, AVAX has shown signs of recovery in the past week, gaining 2.39% as the cryptocurrency market began to bounce back.

Despite this short-term upward movement, analysts caution that AVAX could still face downward pressure in the coming weeks. The broader market dynamics and potential volatility remain factors to watch closely.

As of the latest data, the price of Avalanche stands at $26.21. This is accompanied by a 24-hour trading volume of $575.21 million and a market capitalization of $10.30 billion. In the last 24 hours alone, AVAX has seen a slight decrease of 1.63%.

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Analysts Warn of Potential Downward to $18.80 for Avalanche (AVAX) 14

Avalanche (AVAX) Price Could Reach $18.80

The cryptocurrency market has been a rollercoaster of emotions for investors, and Avalanche (AVAX) is no exception. According to a recent analysis by More Crypto Online, AVAX’s price movement is showing promising signs of a potential upward trend, yet definitive confirmation remains elusive.

From last Friday’s low, AVAX has formed what appears to be a micro 5-wave move to the upside. This pattern suggests that a bullish reversal might be on the horizon. However, analysts caution that AVAX must complete a 5-wave move to the upside for a confirmed bullish trend, as outlined in the yellow scenario. Without this confirmation, one more downward move is possible, potentially reaching the $18.80 mark.

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Adding to the cautious optimism, Changelly’s technical indicators reveal a mixed market sentiment for Avalanche. Currently, the Bullish sentiment ratio stands at 32%, indicating a lean toward bearish tendencies. Furthermore, the Fear & Greed Index, a popular tool for gauging market sentiment, is showing a score of 28, reflecting prevalent fear among investors.

While there are indications that AVAX may see a bullish reversal, the market remains in flux. Investors are advised to watch closely for the completion of the 5-wave move to upside for confirmation. Further decline can’t be negated until then with key support levels being watched closely around $18.80.

Related Reading | BitMEX Sees Massive Bitcoin Outflow: What This Means for the Crypto Market

Injective (INJ) Poised for Significant Upsurge: Analyst Eyes $50 Target

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Injective (INJ) is poised for a significant upward trajectory, capturing the interest of both analysts and investors. In the past week, the momentum around INJ has been building, indicating a potential bullish run.

Currently, the price of Injective stands at $20.66, supported by a substantial 24-hour trading volume of $471.32 million and a market capitalization of $1.93 billion. The price of INJ has seen a modest increase of 1.01% in the last 24 hours, reflecting growing market confidence and heightened trading activity.

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Analyst Predicts Injective (INJ) Could Hit $50

Crypto Scient recently shared an optimistic outlook on INJ, highlighting that the token looks strong and appears to form a solid bottom. He underscored the importance of maintaining the $16.5 to $18 support range. If INJ can hold this crucial support level, Crypto Scient believes the price is poised for a substantial rally, potentially pushing towards the $30 mark shortly.

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The 1-day (1D) chart provides a more detailed perspective, revealing that the price is forming bullish divergences on the Relative Strength Index (RSI) and is attempting to break out from a falling wedge pattern. According to Crypto Scient, a potential correction following the anticipated approval of the ETH ETF could offer savvy traders an excellent buying opportunity.

Adding to this wave of optimism, another well-respected analyst, World Of Charts, has echoed these bullish sentiments regarding INJ. World Of Charts observed that after experiencing a massive bullish rally, Injective underwent a healthy correction. This correction appears to have concluded, and the token is now forming a falling wedge pattern, a well-known bullish signal in technical analysis.

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World Of Charts suggests that if INJ breaks out from this pattern, it could see a significant move towards the $50 level in the coming days. This prediction aligns with the broader market’s positive outlook on the token’s potential.

With these expert analyses pointing towards a possible surge, Injective (INJ) is undoubtedly a token to watch. As the market awaits the ETH ETF approval and closely monitors key support levels, traders and investors will keenly observe INJ’s movements, ready to capitalize on potential opportunities that may arise.

Related Reading | Chainlink Stirs as Whales Make Big Moves: 12.43% Surge Predicted 

VanEck Leads the Way with Amended S-1 for Spot Ethereum ETF

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In a move that might prove pivotal in shifting cryptocurrency market fortunes, Ethereum exchange-traded funds see action as major financial players jockey for approval. Early Monday, VanEck filed an amended S-1 registration statement for its spot Ethereum ETF, detailing minor changes to custody arrangements.

Following the lead from VanEck, several other companies, including 21Shares, BlackRock, Fidelity, Franklin Templeton, and Grayscale, made their filings with the regulator a little later on in the day. Market insiders speculate that trading for these ETFs could commence around the 15th of July.

Bloomberg ETF analyst Eric Balchunas provided insight into the wave of filings, noting that VanEck’s S-1 amendment was the first to be submitted. “VanEck already had their fee structure in place, so there wasn’t much new in their filing. It’s more about putting the ball back in the SEC’s court. We expect the rest of the filings to come in today, except for Bitwise, who completed theirs last week,” Balchunas explained

The journey for these spot Ethereum ETFs began on May 23 when the Securities and Exchange Commission (SEC) approved the issuers’ 19b-4 applications. However, before these ETFs can begin trading, the SEC must also approve the S-1 registration statements. July 15 is the anticipated trading date.

Golem Sells 24,400 ETH Worth $72M Despite Market Uptick

Contrary to recent optimistic changes in the cryptocurrency market, data from Lookonchain has pointed to an overwhelming move from Golem. In the past three days, Golem has sold 24,400 ETH (around $72 million in value) on leading cryptocurrency exchanges such as Binance, Coinbase, and Bitfinex

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Currently, Golem still holds a substantial amount of 127,634 ETH, worth around $372 million. Golem, which raised 820,000 ETH during its ICO in November 2016 when the price of Ethereum was just $10.20, has seen its holdings grow tremendously in value as ETH’s price soared.

Analyst Predicts ETH Could Surpass $5,000

Renowned crypto analyst Trader Tardigrade has shared an optimistic forecast for Ethereum’s price trajectory despite Golem’s recent sell-off. According to him, Ethereum is forming a second Descending Triangle pattern, which historically suggests a potential breakout within the coming months. He predicts that during the next bull run, Ethereum could surpass the $5,000 mark.

The recent sell-off did not hamper the ETH price; at the time of writing, Ethereum is trading at $3,093.24, with a 24-hour trading volume of $34.16 billion. The market capitalization stands at $371.61 billion. The price of ETH has risen by 2.50% during the last 24 hours.

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Related Reading |  Chainlink Faces Critical $12.95 Support Amid 8% Decline, Bulls Await Rally 

Analyst Predicts Bullish Breakout for VeChain (VET), Eyes 2x Price Surge

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VeChain (VET) looks all set to break into bullish conditions after an elongated bearish phase in line with the path of recovery across the broader cryptocurrency market. This comes after a major correction that has seen Bitcoin climb from as low as $53,700. Consequently, VeChain generates so much interest among analysts and investors alike.”.

At the moment, VET is trading at $0.025128, a gain of well over 8.58% in the last 24 hours. It exchanged hands with a 24-hour volume of $88.30 million and has a market capitalization of $1.83 billion.

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Analyst Predicts Bullish Breakout for VeChain (VET), Eyes 2x Price Surge 23

The recent uptick in VET’s price suggests a growing bullish sentiment among traders and investors. This enormous surge in trading volume suggests that heightened interest in VeChain reinforces the possibility of its continued bullish trend.

VeChain Poised for Potential 2x Price Increase

According to a recent update from one of the leading crypto analysts, Worlds Of Charts, he has optimistic predictions regarding the price trajectory for VeChain. In this detailed technical analysis, the analyst claims that VeChain has been forming a descending channel on a daily timeframe.

That is usually a pattern associated with a bearish trend featuring a set of gradually lower highs and lower lows, forming a downward-sloping channel. However, fresh development now, as the VET has broken out above the trendline in the lower timeframe, is signalling the changing market sentiment.

The next critical phase for VET will be a test of the trendline of the descending channel, approximately at the $0.0300 mark. It is perceived as a significant resistance area that, if broken, would confirm the end of the bearish phase and the beginning of a new upward trend.

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VeChain has shown strong technical signals that indicate a bullish breakout is on the horizon. If VET manages to break through the descending channel, we could see a substantial price increase, potentially 2x its current value, in the coming days.

This optimistic forecast excited VeChain maximalists who sought proof in further price movements. Then, the 2x gain would have been completely consistent with the general optimism over VeChain’s technological advancement and growing adoption.

Related Reading |  Chainlink Faces Critical $12.95 Support Amid 8% Decline, Bulls Await Rally 

Binance Coin (BNB) On the Recovery: Analyst Eyes $650 to $850 Range

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In a remarkable turn of events, Binance Coin (BNB) has performed exceptionally well despite the legal hurdles faced by its parent company, Binance, and the recent resignation of its CEO. Binance Coin defied market trends to reach a new all-time high of $720.

Following this peak, BNB experienced a sharp decline, triggered by a bearish market sentiment and a significant drop in Bitcoin’s (BTC) value, which plummeted from $71,000 to $53,700. This downward trend affected the entire cryptocurrency market, causing widespread losses among altcoins.

However, the market sentiment has shifted from bearish to bullish. Bitcoin has begun its recovery, bouncing back strongly from its recent low, and this positive momentum is propelling altcoins, including BNB, to recover from their losses. BNB hit a recent low of $456 but is now on a recovery trajectory, poised for a significant upward climb.

At the time of writing, Binance Coin is trading at $518.35, with a 24-hour trading volume of $2.22 billion and a market cap of $76.50 billion. The Binance Coin price has increased by 1.33% in the last 24 hours, reflecting renewed investor confidence and market optimism.

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Binance Coin (BNB) On the Recovery: Analyst Eyes $650 to $850 Range 26

Analyst Predicts BNB Surge to $650-$850

Crypto analyst Crypto Yapper has shared an optimistic outlook on Binance Coin’s (BNB) price trajectory. Despite exiting its ascending channel, Binance Coin continues to maintain an upward trend. This resilience highlights the strong support the coin has found at the $495 level, a critical zone it has successfully reclaimed and is now trading above.

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The significance of this support zone cannot be understated. The strong demand around this price point suggests a potential for significant gains, with Crypto Yapper projecting that BNB could surge to the $650-$850 range. This optimistic forecast aligns with market sentiments that view BNB’s current position as a springboard for future growth.

Supporting this bullish outlook, Changelly’s latest Binance Coin price forecast predicts a 10.93% increase in value, potentially reaching $551.62 by July 09, 2024.

This projection is backed by Changelly’s technical indicators, which reveal a mixed yet cautiously optimistic market sentiment. Precisely, there is a 29% bullish outlook for BNB, although the Fear & Greed Index shows a score of 29, indicating prevailing market fear.

Related Reading | Solana Correction Nears Completion: Analyst Recommends DCA Strategy 

Bitcoin (BTC) is Poised For Surge: Analyst Predicts BTC to Hit $73,100

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Bitcoin (BTC) appears ready for a significant upward trajectory in a market brimming with anticipation. As analysts and investors watch closely, the world’s most prominent cryptocurrency is showing signs of a potential surge.

As of the latest data, BTC is trading at $57,542, with a substantial 24-hour trading volume of $107.97 billion. Despite a minor 0.26% dip in the past 24 hours, Bitcoin’s market capitalization remains robust at $1.13 trillion. Many experts see this slight decline as a minor fluctuation rather than a trend.

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Bitcoin (BTC) is Poised For Surge: Analyst Predicts BTC to Hit $73,100 30

Bitcoin to $73,100? Analyst Eyes Potential Resistance Break

In a detailed market analysis, renowned crypto analyst Crypto Yapper has flagged a bullish divergence on Bitcoin’s daily timeframe, hinting that the recent dip might be nearing its end. This type of divergence, where price action diverges from momentum indicators, is often a precursor to a trend reversal, suggesting that the selling pressure on Bitcoin could be waning.

Crypto Yapper’s observations come at a crucial time. Historically, such divergences tend to signal the bottom of a market dip, potentially setting the stage for a new uptrend. This divergence is a key signal that many traders, including Crypto Yapper, watch for when Bitcoin is in a downtrend.

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However, Yapper cautions that while this signal is significant, it should not be the sole basis for making trading decisions, as market conditions are influenced by a multitude of factors.

The crypto community is now on high alert, closely monitoring Bitcoin’s price movements to see if it can break out of its current downtrend and trigger bullish price action in the coming week. The formation of a bullish divergence has created a sense of anticipation and cautious optimism among investors.

Adding weight to this optimistic outlook, analyst Jonathan Carter has highlighted a significant development in Bitcoin’s price action. Carter noted that BTC recently hit a descending support level and rebounded strongly, a move that could pave the way for a new bullish wave.

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According to Carter, if Bitcoin’s price can surpass the dashed $58,600 resistance level, it may set a new target at $73,100, igniting further bullish momentum.

This rebound from the descending support and the potential crossing of key resistance levels are crucial technical milestones. They suggest that BTC might be gearing up for a significant upward move, provided these levels are decisively breached.

Related Reading | Solana (SOL) Surges 3% to $140, Eyes $400 Breakout Amid Bullish Signals