Bitcoin enter in Bull Trend.
BTC monthly chart indicate that BTC enter in Bull Market and ready to continue its cycle and can make new ATH in 2024/2025
BTC price back to above monthly MA 50 ie $24573 after 10 months. BTC price dropped below monthly MA 50 in last June 2022 first time in Bitcoin history which made BTC chart bearish but now in march 2023 BTC MA back to above Monthly MA 50 which make market bullish once again.
RSI also once again just above 50 which is good sign. RSI 50+ in monthly chart make trend positive.
MACD also showing low sell pressure and ready to start Green Bars in coming months.
Resistance: $28k-$30k, $46000 and $61360
Support: $24585 on MA50 , means BTC should hold monthly MA 50 on each month Closing,
Possible Target for 2025 as per past trend: $48k to $150k
Despite of daily volatility BTC monthly chart bullish for 2025.
Major Event: BTC HALVING : April 2024
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