#Bitcoin at $175k by end-March 2024
Drawing from various parallels with the Bitcoin price evolution in 2020, we can observe several noteworthy patterns:
Furthermore, amidst the current turbulent economic landscape, we anticipate a surge in Bitcoin demand. Factors such as banking system instability, escalating geopolitical tensions, stock market shocks, and other ongoing disruptions contribute to this growing interest in Bitcoin.
- The Weekly RSI recently surpassed a resistance that had held for multiple months.
- There is a notable increase in trading volume.
- Bitcoin's price has successfully broken a significant resistance level and underwent a retest, confirming its transformation into a solid support.
Furthermore, amidst the current turbulent economic landscape, we anticipate a surge in Bitcoin demand. Factors such as banking system instability, escalating geopolitical tensions, stock market shocks, and other ongoing disruptions contribute to this growing interest in Bitcoin.
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