Over the weekend, Bitcoin displayed considerable volatility within a confined range. This activity has now intensified. On Saturday and Sunday, Bitcoin's price swung by $500, drawing the attention of investors. For those looking for quick profits, this volatility presented a prime opportunity. The increasing fluctuations benefited those who sold at high points and bought at the low ones.

Bitcoin's Weekend Surge

As of now, Bitcoin has hit a peak of $68,320 within the last 24 hours, climbing from a low of $67,367. This upward movement began right after a dip, and it's testing the patience of investors, particularly those monitoring the rapid changes within a narrow range. The highest price over the weekend was $67,900, while the lowest ranged between $67,500 and $67,300. Stay updated with the latest technology news on NEWSLINKER.

Currently, Bitcoin's price exceeds $68,000, and the brief rise has allowed sellers to capitalize on it. Investors, especially those involved in futures trading, anticipated such fluctuations. If the selling pressure following the recent peak doesn't intensify, we might witness strong buying in the coming hours.

With Bitcoin's price increase, BNB Coin has also risen above $600, currently sitting at $600.6.

BTC Price Forecast

The key support level to watch on the daily chart is $66,800. Bitcoin's price has been oscillating between this support and the resistance above $70,000 for some time. Since reaching its all-time high, Bitcoin has attempted multiple times to close above $71,700. This is the crucial level that needs to be surpassed for an upward breakout.

Bitcoin now faces two possible paths. To break the current volatility, one of these critical levels must be breached. There's a risk of the price falling to $56,000 if it drops below the support, while the target above is $80,000. If Bitcoin can close above this level, reaching a six-figure price becomes a realistic possibility.

If upcoming employment and wage growth data are positive, investors may feel more confident. Conversely, news about the potential approval of the ETH ETF could trigger a sell-off, causing some investors to hesitate. ETH is currently hovering around $3,800, awaiting the announcement of its launch date.

In conclusion, the recent surge in Bitcoin's price and the associated volatility present both risks and opportunities for investors. Watching the key support and resistance levels will be crucial in determining the next direction for Bitcoin's price.