Bitcoin Shows a Super Bullish Indicator on Its Charts

Krutika Adani

Bitcoin closed above the upper Bollinger band for the second consecutive month

It is unlikely to fall below $50k, as per UTXO Management’s senior analyst Dylan Mclair.

The growth is also supported by strong ETF inflow.

Bitcoin’s price has recently crossed $70k, and the next resistance lies at $73.8k.

The Bitcoin halving event would likely impact the price of Bitcoin next week