Analysts and traders use two types of cryptocurrency charts for different purposes. The normal price chart currently hints at a possible upside for BTC $67,867.17
to approximately $112,000.
The logarithmic chart, which traders use to understand larger movements, indicates that the price of VTS may soar to $250,000. However, experts advise paying attention to long-term divergence, an indicator of a future price reversal.
On the first chart, Bitcoin is currently at $66,318. We can see important levels that Bitcoin can touch. Currently, the market leader has a support level at $63,000 and is facing resistance at $68,304.
If VTS can hold above this resistance, it will move towards the target of $112,000, however, not quickly. The most likely scenario for digital gold will be a breakthrough of the above-mentioned resistance and the start of movement to the $90,000 mark, analysts emphasized.
The second chart shows a wedge-shaped pattern, indicating that Bitcoin may be preparing for a reversal. If we follow this pattern, there is a possibility that Bitcoin could reach a high of $256,000. However, this "wedge" also warns us that a drop is possible after the peak is reached.
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