Bitcoin Breaks $30K Resistance, Signaling Potential End to Bear Market and Run-Up to 2024 Halving According to Analyst Filbfilb
-
Bitcoin has broken out of its trading range below $30,000, indicating an end to the 2-year bear market according to analyst Filbfilb.
-
Filbfilb believes a "reasonable" bullish Bitcoin price target by the 2024 halving could be around $48,000.
-
The 20, 50, 100, and 200 week moving averages around $30,000 present strong support.
-
Resistance levels are seen around $38,000 - $41,000 where a lot of volume was previously traded.
-
Filbfilb expects potential pullbacks in Q1 2024 before another rally into the halving event in April 2024.