Bitcoin Prediction For 2024 || $100K LOADING

Assalamu Alaikum friends,
The new year has started today and I am here to make a Bitcoin price prediction for 2024. Bitcoin is in a very good position at the moment. It has been in a bull movement for the past few months. I will discuss everything in detail in today's blog. So let's get started without delay:-

When making predictions on a large scale, it is necessary to research all past history. Because Bitcoin follows all past movements. And today we have used 1 day timeframe in this analysis blog. In my opinion, 1day candles will be fine to analyze nicely.

In the screenshot above, we can see that the $46,000 zone has served as a major resistance for Bitcoin. When Bitcoin touched $46,000 for the first time, the price had stagnated in this frame for a while. When I dumped again, it behaved exactly the same. Thus, every time Bitcoin enters this zone, the Bitcoin price is stable. This is why this zone is a big factor for Bitcoin. If Bitcoin can cross this zone, then Bitcoin will easily move to $60,000.

Now we can see in this analysis, Bitcoin is pumping price according to ascending pattern. Hit the resistance above 46,000 and bear down to fill the liquidity. After hitting the support zone of the ascending pattern, it pumps up. Such movement in Bitcoin has led to buying pressure in the crypto market.

Additionally, on the 1-month time frame, Bitcoin has created a green candle for the month of January 2024. That is definitely good news. If Bitcoin breaks this support zone and goes higher then we can see Bitcoin in the 80k to 90k house by the end of this year. And this is my prediction.