Bitcoin has been exhibiting extreme volatility in recent times, with rapid pumps and dumps evident on the hourly chart. Today’s analysis delves into the price action across daily, hourly, and weekly timeframes.

Breaking New Highs BTC has successfully reached new higher highs, surpassing the $65,000 mark. The current target range for the digital asset is between $65,440 and $66,128.

Finding Support A recent pullback found support at the 50-day Exponential Moving Average (EMA), indicating a potential for further upside. This bullish signal suggests that the market is still in a strong uptrend.

Technical Analysis There’s a possibility of an ending diagonal pattern forming on the chart. This technical formation often signals a continuation of the existing bullish trend.

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Watching for Signals Resistance levels are currently around the current price. Nick will be watching for bullish confirmation signals, such as a breakout above these levels, to validate the continuation of the uptrend.

Targetting $68,000 If the current bullish momentum sustains, we can anticipate further movement towards the $68,000 level. However, it’s important to exercise caution, as the market can be volatile.

Long-Term Perspective Despite short-term fluctuations, the long-term outlook for Bitcoin remains bullish. Our target for the end of 2025 is over $100,000. Keep in mind that this is a long-term projection, and the market may experience significant volatility in the meantime.