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Bitcoin Price Analysis: Will BTC Reach $250,000?

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Bitcoin,Price Analysis,BTC

A normal price chart hints at a possible rise to around $112,000, but if we switch to a log chart, which traders use to understand higher-scale movements, the target could soar to about $250,000. Yet, we must note the long-term divergence - an indicator of an upcoming priceis now priced at $66,318. We can spot important levels that Bitcoin might touch. Currently, Bitcoin has a support level at around $63,000 and faces resistance around $68,304

A normal price chart hints at a possible rise to around $112,000, but if we switch to a log chart, which traders use to understand higher-scale movements, the target could soar to about $250,000. Yet, we must note the long-term divergence - an indicator of an upcoming priceis now priced at $66,318.

We can spot important levels that Bitcoin might touch. Currently, Bitcoin has a support level at around $63,000 and faces resistance around $68,304

 

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