Bitcoin (BTC) Current Price Is $63,854, Golden Cross Imminent, Cathie Wood Predicts $1.5 Million Target by 2030

The current trading price of Bitcoin (BTC), the top crypto asset by market cap, is $63,857. The current price of BTC is down 0.6% over the last 24 hours.

The price of Bitcoin ( BTC ) has been fluctuating over the past 24 hours, with moments of both increase and decrease. At the time of writing, BTC is trading at $63,854, down by 0.6% over the last 24 hours.

CryptoSlate recently reported that BTC faced a correction before reaching the $65,000 level, despite anticipation from some experts that it would rise to at least the $68,000 level.

However, crypto analyst TitanOfCrypto has identified a bullish pattern forming for BTC, suggesting that a significant price movement could be on the horizon.

According to the analyst, Bitcoin’s recent close above $59,500 indicates that bullish momentum is gaining strength, but he cautions that further confirmation is needed, as Bitcoin must break through additional resistance levels.

Taking a broader perspective, TitanOfCrypto highlights the potential formation of a massive bull pennant on the monthly time frame, which could lead to a substantial price increase for Bitcoin.

Based on this technical pattern, the analyst sets a lofty price target of $178,000 for Bitcoin, indicating that significant gains could be on the horizon if the pattern holds true.

The observation that “they bought the fear” suggests that investors are accumulating Bitcoin during periods of market uncertainty, potentially setting the stage for a major rally.

In other crypto news, the CEO of Ark Invest, Cathie Wood, has made a bold prediction regarding Bitcoin’s future price, anticipating a significant surge to reach $1.5 million by 2030.

This projection is based on the growing institutional adoption of Bitcoin, its role as a hedge against inflation, and the increasing recognition of Bitcoin as a valuable asset in diversified portfolios.

According to Wood, Bitcoin's decentralised nature and limited supply will continue to attract investors, driving its price up significantly over the next decade.

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