Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 63
    NewsCryptoSponsored Article

    Best Crypto to Join This Week: MoonBull Presale Offers 11,800% Gains, Dogecoin Up Double Digits, Shiba Inu at $7.3B Cap

    Best crypto to join has become the ultimate question for investors chasing…

    By
    Benedikt Krüger
    October 4, 2025
    image 45
    CryptoNewsSponsored Article
    Best Crypto Coin Opportunity: MoonBull Presale Builds Early Buzz With Sky-High ROI Potential as Shiba Inu and Bonk Run Hot
    October 3, 2025
    Avalanche Treasury Co. to Merge in $675M SPAC Deal, Nasdaq Listing Planned
    NewsCryptoMarket
    Avalanche Treasury Co. to Merge in $675M SPAC Deal, Nasdaq Listing Planned
    October 3, 2025
    Stablecoin Market Cap Breaks $300 Billion for the First Time
    CryptoMarketNews
    Stablecoin Market Cap Breaks $300 Billion for the First Time
    October 3, 2025
    Coinbase Brings DeFi Swaps On-Chain With 1inch Integration
    NewsCryptoMarket
    Coinbase Brings DeFi Swaps On-Chain With 1inch Integration
    October 3, 2025
  • Cryptocurrency
    image 63
    Best Crypto to Join This Week: MoonBull Presale Offers 11,800% Gains, Dogecoin Up Double Digits, Shiba Inu at $7.3B Cap
    8 Min Read
    image 45
    Best Crypto Coin Opportunity: MoonBull Presale Builds Early Buzz With Sky-High ROI Potential as Shiba Inu and Bonk Run Hot
    9 Min Read
    Avalanche Treasury Co. to Merge in $675M SPAC Deal, Nasdaq Listing Planned
    Avalanche Treasury Co. to Merge in $675M SPAC Deal, Nasdaq Listing Planned
    6 Min Read
    Stablecoin Market Cap Breaks $300 Billion for the First Time
    Stablecoin Market Cap Breaks $300 Billion for the First Time
    9 Min Read
    Coinbase Brings DeFi Swaps On-Chain With 1inch Integration
    Coinbase Brings DeFi Swaps On-Chain With 1inch Integration
    6 Min Read
    BTC reserve
    Could a BTC Reserve Race Between Europe and the U.S. Be the Next Big Shift?
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Exciting News for Bitcoin Bulls! Key Levels Revealed for a New Record
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > Crypto > Exciting News for Bitcoin Bulls! Key Levels Revealed for a New Record
CryptoMarketNews

Exciting News for Bitcoin Bulls! Key Levels Revealed for a New Record

Bitcoin is potential rally. The image features a dramatic upward arrow piercing th
Alessia Moretti
Last updated: December 24, 2024 9:44 am
By
Alessia Moretti
Published December 24, 2024
2 Min Read
Share

Bitcoin is showing signs of a rally similar to its impressive gains earlier this year. Renowned crypto strategist Justin Bennett has shared insightful technical analysis on Bitcoin’s price movements. In a recent post on social media platform X, Bennett pointed out that Bitcoin’s daily chart is forming an upward channel, which could signal the beginning of another major rally.

Contents
  • Bitcoin’s Technical Setup: What Does the Upward Channel Indicate?
  • Key Support and Resistance Levels for Bitcoin Bull

Bitcoin’s Technical Setup: What Does the Upward Channel Indicate?

Justin Bennett highlighted that Bitcoin is replicating a similar channel pattern observed in the first quarter of this year. According to the analyst, such technical structures often suggest a bullish market sentiment. “A similar channel emerged last December and January, and Bitcoin’s price doubled shortly after,” Bennett stated.

The upward channel indicates potential higher highs and higher lows for Bitcoin’s price. Bennett noted that while BTC experienced a brief dip in February, it reclaimed the channel’s support shortly after. He believes a similar scenario could unfold this year, signaling optimism for the broader market.

Bitcoin is bullish rally. The image features a glowing Bitcoin coin at the center

Key Support and Resistance Levels for Bitcoin Bull

Bennett forecasts that reclaiming the $100,000 level could trigger a strong rally for Bitcoin. “Dips, in my view, are buying opportunities. However, the highest confidence comes from regaining the resistance zone between $99,000 and $102,000,” he explained.

The analyst also emphasized the importance of maintaining the $95,700 support level. “If this support is lost, we could see some weakness in Bitcoin’s market activity,” Bennett added. He further predicted that, should these levels hold, Bitcoin could aim for targets between $110,000 and $120,000 by 2025.

At the time of writing, Bitcoin is trading at $95,889, according to market data. These insights into support and resistance levels could play a crucial role in helping investors anticipate future price movements.

For more updates and in-depth analysis on Bitcoin and other cryptocurrencies, follow Dey There.

Advertising

For advertising inquiries, please email . [email protected] or Telegram

UK’s Union Jack Oil Turns West Newton Gas into Bitcoin Mining Powerhouse

US Pushes for a 1 Million Bitcoin Reserve Without Costing Taxpayers a Dime

Is Fartcoin Poised To Break The Records At $0.853 By Q4 2025? MoonBull – Your Next Big Crypto Has Investors Chomping At The Meme Coin

1000x Crypto Alert: MoonBull’s Whitelist Sizzles As Notcoin Slides And SLERF Explodes

Raoul Pal Reveals Massive Bitcoin Price Target

TAGGED:resistance levelsupport leveltechnical analysis

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByAlessia Moretti
Alessia Moretti is a blockchain and cryptocurrency analyst with 7 years of experience in the field. With a strong foundation in economics and a passion for technology, Alessia has been involved in a variety of international blockchain projects, focusing on the development of decentralized applications and financial products. Her work is characterized by a deep understanding of both the technical and economic aspects of blockchain technology. At DT NEWS, Alessia provides readers with in-depth analysis of global blockchain trends and market movements, helping them stay informed about the future of digital finance.
Previous Article Crypto Advocates Cheer Trump’s Pledge for Immediate Action Immediate Action? Crypto Advocates Cheer Trump’s Pledge
Next Article Binance is support for Fantoms rebranding to Sonic S. The image features the Fantom logo transition Binance Announces Support for Fantom’s Rebranding to Sonic (S)
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production
crypto 2024 1200x720
Decentralized Identity Emerges as a Catalyst for Data Privacy Renaissance
space
Tech Giant Announces Breakthrough in Quantum Computing
worldwide protest
Worldwide Protests Demand Action on Climate Change
global
Global Economic Forecast Reveals Slow Recovery Post-Pandemic
solar power
Revolutionary Solar Power Technology Unveiled

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English
  • Português (Portuguese)