From Nasdaq.:

Crypto analyst DonAlt is optimistic about Bitcoin, stating it could rally to $60,000, with the critical price range between $44,000 and $45,000 representing the last supply level. He anticipates potential support around $38,000 and acknowledges the possibility of a price increase, correction, and then another upward trajectory.

On-chain Bitcoin volume reached its highest level since September 2022 in January, tripling since September 2023, signaling increased interest following the approval of spot Bitcoin ETFs. Digital asset investment products experienced $708 million in inflows last week, with Bitcoin dominating at $703 million. Solana saw $13.4 million in weekly flows.

Technical analysts are growing bullish, with price predictions as high as $150,000 for Bitcoin. The next bullish rally is expected to start in mid-March, as Bitcoin enters the “Pre-Halving Rally” phase after the current “Pre-Halving Downside” phase. Captain Faibik sees bulls in full control, supporting the positive sentiment in the market.



Read more: Bitcoin ‘One Resistance Level Away’ From $60,000 Rally, Analyst Predicts As On-Chain Volume Spikes