Bitcoin Price Prediction: Will BTC Surge to $83K or Bust?

LONG

{{ coin }} {{ typeof coinpairsDataObj[coin + stableCoin] != 'undefined' && numFormat(coinpairsDataObj[coin + stableCoin].c) }} {{ typeof coinpairsDataObj[coin + stableCoin] != 'undefined' && coinpairsDataObj[coin + stableCoin].P }}%

BTC

Bitcoin Price Analysis and Prediction

Bitcoin is in a clear multi-week symmetrical triangle pattern, consolidating between the low 70s and low 60s. Many traders seem to be preparing for a move downward, but I think we will see the opposite.

Bitcoin Technical Analysis

Bitcoin has bounced on the lower trend line of the triangle pattern, confirming a third touch. Bitcoin is also back above its long-term uptrend support line after losing it for the past few days. Institutions are also piling on shorts for Bitcoin, and we have seen a clear trend in this bull market—that overleveraged players will get wiped out. Their shorts are our fuel to pump.