Bitcoin’s Bearish Days Over? BTC Price Eyes $78K Marks If This Breakout Takes Place
The post Bitcoin’s Bearish Days Over? BTC Price Eyes $78K Marks If This Breakout Takes Place appeared first on Coinpedia Fintech News
Bitcoin, the pioneer cryptocurrency is showing a sign of recovery after the sudden fall from $56,545. Meanwhile, bitcoin is bouncing back & is now hovering at $59,404 with a 4% surge in the last 24 hours.
The recent bullish momentum in Bitcoin hints at a potential rally ahead, suggesting that Bitcoin may have reached its local bottom. Top crypto traders are now eyeing a breakout above the critical $61,000 resistance level, with predictions that such a move could propel Bitcoin toward approximately $78,000.
Bitcoin Bulls Eyeing $78K MarkIn a recent tweet, prominent crypto trader Captain Faibik highlighted key levels and patterns influencing Bitcoin’s (BTC) short-term trajectory.
$BTC is Currently Bouncing back but Still moving inside the Falling Wedge pattern. 
Bitcoin bulls need to Surpass the $61k Resistance area to confirm an upside Breakout of the Wedge.
A successful breakout could Send Bitcoin towards $78k. 