News View Non-AMP

Bitcoin to Explode?! THIS Level Could Send Prices to New $110k ATH

Published by
Mustafa Mulla

As Bitcoin hovers around the $61,500 threshold, all eyes are on Federal Reserve Chair Jerome Powell’s impending speech, stirring anticipation for potential market fluctuations.

Titan of Crypto, a prominent figure in the cryptocurrency realm, foresees an electrifying scenario: a breakthrough above $61,500 could catapult Bitcoin’s value to a staggering $110,848.

Critical Levels to Watch

In the midst of market flux, Titan of Crypto draws attention to a pivotal figure demanding scrutiny from Bitcoin investors. Positioned at $61,500, this price point undergoes intense examination due to observed deviations hinting at an impending breakout.

Titan of Crypto forecasts that if Bitcoin manages to surpass the $61,500 level, we could witness a surge in the price, potentially reaching $110,848. It’s essential to observe Bitcoin’s daily candle close and subsequent price action to gauge the strength of any potential upward movement.

Jerome Powell’s Speech

This forecast comes amidst broader market uncertainty, with investors closely monitoring Federal Reserve Chair Jerome Powell’s speech today. Powell’s remarks are expected to introduce volatility in the financial markets, potentially impacting Bitcoin and other cryptocurrencies.

Expert Insights

In a recent tweet, cryptocurrency analyst Michaël van de Poppe highlighted pivotal moments ahead for Bitcoin, emphasizing critical price levels that will dictate its next move. Meanwhile, bitcoin is currently testing support around $60.5-61K, and breaking above $63K is crucial for a potential rally to its all-time high.

Further, Van de Poppe suggests that a successful breach of the $63K barrier could signal a bullish surge, potentially propelling Bitcoin towards its previous all-time high. This scenario hinges on Bitcoin’s ability to surpass $63K in the coming sessions.

Potential Scenarios!

However, a note of caution accompanies the optimism. A breach of the $60.5K support level could precipitate a downward move towards the $52-55K zone, highlighting the critical importance of monitoring these levels for market direction.

Also Check Out The: ChatGPT 4.0 Predicts A Massive Jump In FLOKI and PEPE This Week!

Bullish breakout or bearish slide? Where do you see Bitcoin headed next?

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Binance Coin Price Prediction 2025, 2026 – 2030: Will BNB Hit $1000?

Story Highlights Binance Coin Price Today is . The BNB price prediction anticipates a potential…

April 27, 2025

Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1?

Story Highlights The price of Dogecoin today is . Dogecoin price may reach a maximum…

April 27, 2025

Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2?

Story Highlights The live price of the Cardano token is . ADA coin price could…

April 27, 2025

Nike Hit With $5M Lawsuit as NFT Buyers Lose Big After RTFKT Shutdown

Nike is facing a new lawsuit from NFT buyers who claim they lost money after…

April 26, 2025

Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next?

Story Highlights Solana Price Today is . Solana coin price could reach a potential high…

April 26, 2025

Ripple XRP Price Prediction 2025, 2026-2030: Will XRP Reach $5?

Story Highlights The XRP Price LIVE: . The price could hit a high of $3.99…

April 26, 2025