Bitcoin Price Prediction: Prepare for a new high
In my opinion, Bitcoin is on the verge of reaching new highs.
Bitcoin sellers beware for now
I am looking for Bitcoin to hit a new all-time high in Bitcoin history in the near future.
I'm also looking into where I might find vendors.
🔍 Technical view for the crypto king, Bitcoin:
As I look at the weekly chart of Bitcoin, it is clear that the bullish momentum is still increasing. My target is $79-82k, driven by key technical structures and recent price dynamics.
🧲 Double resistance magnet:
We are about to engage with a double resistance magnet that historically attracts price due to its technical importance. This includes:
It shows a formidable red resistance line that has already been tested twice: the weekly highs of April 12, 21 and October 18, 21.
🚀 Current trends for BTCUSD:
Pin Bars Indications: Specific pin bars in this week's candlestick and signs from two weeks ago are showing underlying buying pressure, indicating that lower prices are being actively rejected.
📊 Market behavior in crypto: still bullish:
The upward trend is evident through the ascending channel, which indicates a positive and stable movement.
The market is continuously carving lower levels, indicating sustained strength in the uptrend.
Our eyes are now on the resistance line that will be challenged for the third time, potentially setting the stage for a pivotal breakout or a strategic correction.
📈 Strategic Considerations When Trading Bitcoin:
Wait for a decisive push above the current record high to consider bullish entry points.
Be cautious as the market approaches these significant resistance levels.
⚠️ Caution for Bitcoin short sellers here (closer to previous highs):
Short sellers may want to hold their position, especially in anticipation of stop orders above the all-time high, which would push the price higher.
🌐 Message to my page followers
Stay abreast of the evolving market landscape and make informed decisions. Have you signed up to receive free updates on our website?
Remember, trading is inherently risky and interacting with the market based on careful analysis is very important, so follow us and benefit from our analysis in your trading strategy.
In my opinion, Bitcoin is on the verge of reaching new highs.
Bitcoin sellers beware for now
I am looking for Bitcoin to hit a new all-time high in Bitcoin history in the near future.
I'm also looking into where I might find vendors.
🔍 Technical view for the crypto king, Bitcoin:
As I look at the weekly chart of Bitcoin, it is clear that the bullish momentum is still increasing. My target is $79-82k, driven by key technical structures and recent price dynamics.
🧲 Double resistance magnet:
We are about to engage with a double resistance magnet that historically attracts price due to its technical importance. This includes:
It shows a formidable red resistance line that has already been tested twice: the weekly highs of April 12, 21 and October 18, 21.
🚀 Current trends for BTCUSD:
Pin Bars Indications: Specific pin bars in this week's candlestick and signs from two weeks ago are showing underlying buying pressure, indicating that lower prices are being actively rejected.
📊 Market behavior in crypto: still bullish:
The upward trend is evident through the ascending channel, which indicates a positive and stable movement.
The market is continuously carving lower levels, indicating sustained strength in the uptrend.
Our eyes are now on the resistance line that will be challenged for the third time, potentially setting the stage for a pivotal breakout or a strategic correction.
📈 Strategic Considerations When Trading Bitcoin:
Wait for a decisive push above the current record high to consider bullish entry points.
Be cautious as the market approaches these significant resistance levels.
⚠️ Caution for Bitcoin short sellers here (closer to previous highs):
Short sellers may want to hold their position, especially in anticipation of stop orders above the all-time high, which would push the price higher.
🌐 Message to my page followers
Stay abreast of the evolving market landscape and make informed decisions. Have you signed up to receive free updates on our website?
Remember, trading is inherently risky and interacting with the market based on careful analysis is very important, so follow us and benefit from our analysis in your trading strategy.