Bitcoin largely moved within a narrow range with high volatility over the weekend. Now the movement has accelerated. The $500 ups and downs caught the attention of investors on Saturday and Sunday. This volatility in the narrow range has turned into an opportunity for investors seeking quick gains. The wave is now growing for those who sell at the top and buy at the bottom.

Bitcoin is at its peak

BTC price reached $68,320 as the highest level in the last 24 hours while this text was being prepared. This movement started right after the low of $67,367. It seems like a move has started that will make investors who have been evaluating the rapid volatility in the shallow range for hours test the corner. In movements where $67,900 is determined as the ceiling, $67,500-$67,300 was the low.
Now the price of BTC is above $68,000, and as we can see from the upper wick, sellers have taken advantage of this short-term rally. The section of crypto investors who are particularly interested in futures trading have been expecting these types of movements. If the selling pressure doesn't deepen after the recent peak, we may see new attempts with strong buying in the coming hours.
After the increase in the price of BTC, BNB Coin also returned above $600. At the time of writing, the price is at $600.6.

BTC Price Predictions

The main support level to be noted on the daily chart is at $66,800. The Bitcoin price has been lingering between this support and the selling level above $70,000 for a long time. Since the ATH, BTC has tried to close above $71,700 many times. This is also the area that needs to be overcome for a breakthrough to the upside.
There are now two paths for Bitcoin. If volatility is going to break, we'll need to see one of these two breakout levels being surpassed. While there is a dip risk down to $56,000 below, there is a six-figure price target above $80,000 that is no longer a fantasy with closings.
If the employment and wage growth data next week is also supportive, investors can breathe a sigh of relief. On the other hand, the risk of the possible news of ETH ETF approval triggering a selling case may deter some investors. While ETH is still waiting for the announcement of its launch date, it is hovering around the $3,800 level.