Since the successful introduction of Bitcoin exchange-traded funds in the United States, BTC remained robust within the $40,000 to $50,000 range.
BTCUSD - 1 Week Time Frame
From a strictly-technical perspective, BTC's price reached a psychological resistance level which - at the same time, coincides with one of the most prominent Fibonacci levels, 61.8%;
Therefore, a small price decline to the 38.2% level is possible, a level not yet tested by the price since its recent bull run.
Bitcoin is painting an upward trend line this year, and given that this trend is becoming more pronounced every week, the expectation that , many experts even indicate that it could reach more than $100,000 per Bitcoin in 2024.