Bitcoin can Jump by another 40%

A few days ago, Bitcoin experienced a dip to 65K, coinciding with the average-price uptrend trendline and the midpoint of the ascending channel. The subsequent bounce from this support level was notably strong, signaling active participation from buyers. As long as the price remains above the 65K demand area, we anticipate a continuation of the long-term uptrend.

Looking ahead, there's potential for BTCUSDT to test the 261.8% Fibonacci resistance level near 88K, reflecting the resilience and bullish momentum in the market.