Bitcoin has shown considerable volatility over the weekend, with fluctuations catching investors' attention. The price surged to $68,320 after a dip to $67,367, marking a significant movement. This rapid fluctuation presented an opportunity for quick gains as investors capitalized on selling at peaks and buying at dips.

Bitcoin's Price Surge

At present, BTC has peaked at $68,320 within the last 24 hours following a dip to $67,367. This ongoing movement is testing the patience of investors navigating the narrow range's rapid volatility. The price oscillated between $67,900 as the ceiling and $67,300-$67,500 as the dip.

Now trading above $68,000, BTC experienced short-term selling pressure evident from the upper wick. Crypto investors, particularly in futures trading, anticipated such price movements. If the post-peak sales do not intensify, a strong buying surge may follow in the upcoming hours.

Following BTC's price increase, BNB Coin also surpassed $600, currently standing at $600.6.

BTC Price Analysis

On the daily chart, it is crucial to monitor the key support level at $66,800. Bitcoin's price has hovered between this support and the $70,000 selling level, aiming to break the ATH of $71,700. To sustain an upward breakout, surpassing this crucial region is essential.

Bitcoin faces two potential paths ahead. The breaking of these key levels will determine the direction of volatility. While a dip to $56,000 is a potential risk below, targeting $80,000 and surpassing it could pave the way for a six-figure price target.

Positive employment and wage growth data in the upcoming week may relieve investor concerns. Conversely, speculation on the ETH ETF approval could trigger a sell-off, creating hesitation among investors. ETH currently lingers near $3,800, awaiting the announcement of its launch date.

Summary

Bitcoin's recent surge and fluctuations have captivated investors, with price predictions oscillating between a dip to $56,000 and a target surpassing $80,000. External factors such as employment data and ETF approvals play significant roles in shaping market sentiment.

(Original content adapted from COINTURK NEWS: Bitcoin Reaches New Heights Over the Weekend)