If the BTC upward movement continues, the price can increase by 35% and reach the next horizontal resistance at $50,000. This will be an increase of 35%, measuring from the current price.
Initially, a high near $42,800 can be expected before the price corrects and then completes the entire upward movement near $50,000.
Despite this bullish BTC price prediction, a breakdown from the triangle can cause a 10% drop to the closest horizontal support area at $33,500.
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In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions.