To estimate how much higher the price of #BTC might go, we can consider several factors, including resistance levels, historical price movements, and technical indicators like the Bollinger Bands and moving averages.

Key Resistance Levels:

1.Recent Highs: The recent high near 71,907.02 acts as a significant resistance level.
2.Bollinger Bands: The upper Bollinger Band is at 71,114.20, which can act as a near-term resistance level.
3.Historical Resistance: Look for previous peaks and consolidation areas on the chart for additional resistance levels.

Potential Targets:

1.Immediate Resistance: The upper Bollinger Band at 71,114.20 is an immediate target.Resistance Level: The recent high around 71,907.02 is a critical resistance level. If the price breaks this level with strong volume, it can signal further upside potential.
3.Fibonacci Extensions: Using Fibonacci retracement or extension levels from the recent swing low to the swing high can provide additional targets. For instance, the 1.618 extension level often serves as a potential target.

Considerations:

•Volume: If the price rises with increasing volume, it suggests strong buying interest and increases the likelihood of reaching higher targets.
•Market Conditions: Overall market sentiment and news can significantly impact the price movement.
•Momentum Indicators: Keep an eye on RSI and MACD for overbought conditions, which might signal a pullback or consolidation.

Example Calculation:

Assuming the current price is 69,907.53, and targeting the recent high at 71,907.02:

•Immediate target: 71,114.20 (upper Bollinger Band)
•Next target: 71,907.02 (recent high)
•Further upside: Potentially higher if strong volume and bullish momentum continue, possibly reaching towards 73,000-75,000 based on historical price movements and Fibonacci extensions.

If the bullish momentum continues and the price breaks above the recent high of 71,907.02 with strong volume, it could potentially reach the next resistance levels around 73,000-75,000.
#BTC