๐จ๐จ๐จ Bitcoin (BTC) is on a meteoric rise as the halving event approaches, surging to $57,000 after a staggering 118-week high.
๐๐The bullish momentum of Bitcoin (BTC) shows no signs of slowing down, with the cryptocurrency leader soaring impressively from its recent low of $38,650 to its current high. This remarkable 48 percent surge has sent ripples of excitement throughout the crypto community. As BTC nears its halving event in less than two months, speculation is rife about the crucial levels to monitor amidst this surge towards all-time highs.
๐๐With relentless momentum since breaking past $38,500, Bitcoin has systematically shattered resistance levels en route to $57,000, surpassing the significant hurdle at $53,000.
Should positive news catalysts or heightened halving fervor continue to drive momentum, BTC could potentially scale even greater heights. Key resistance levels to watch include $57,798, $61,831, and $68,945. Surpassing the ATH at $68,945 could trigger a fresh wave of bullish sentiment.
๐๐Conversely, factors such as substantial BTC transfers by whales, market-disrupting news releases, or struggles to breach $57,798 resistance may embolden sellers. In such scenarios, a pullback to $53,227 support is foreseeable, followed by potential levels at $50,464, $46,941, and $42,026. Investors and traders alike remain on high alert as BTC charts its course amidst this exhilarating pre-halving rally. #BTC ๐
