The past trading week was pretty exhaustive as the Bitcoin price slumped a couple of times and had no time to rebound. The price during the weekend experienced a pretty uptrend with a healthy weekly close. However, the BTC price can record an uptrend and close the monthly and quarterly trade on a bullish note.
The upcoming week is expected to get some higher numbers for the asset as the price could experience an uplift soon. A popular analyst predicts fixes targets for the BTC, ETH and SOL price for the upcoming week. And according to an analyst Galaxy, Bitcoin price could hit $45,000 in the upcoming week.
Currently, Bitcoin price is still swinging within a descending parallel channel but approaching the upper resistance zone very fast. On the contrary, the RSI appears pretty bullish as it’s following a healthy uptrend. After bottoming hard below 20 RSI has notably risen above 55 which showcases the strength in the uptrend.
However, the analysts, also mention the targets for the other 3 altcoins, that he believes is achievable in the upcoming month. The ETH price that is trending around $3000 could jump around $3300. Solana price is also expected to march above $150 and DYDX price could hit $25 soon.
Collectively, the Bitcoin price could witness a notable jump soon but the question is whether it can sustain above $45,000. As the strong resistance zone lies around $47,000, no short-term jumps below this level can validate an uptrend. Therefore, in order to maintain the uptrend, the BTC price needs to break the channel and propel high.