BTCUSD: Attempts to increase price to 80,000 USD
Hello dear friends!
BTCUSD is testing a limited support zone, actively defended by buyers, within the framework of an uptrend. An ascending triangle is gradually appearing in the market. In theory, we can expect the first round of bullish scenarios.
Overall, it shows us the real potential. The price is testing the $70,000 level amid a market correction. This area is quite important, there is a huge amount of liquidity behind it, but the bulls continue to actively restrain this area.
I expect the price to bounce back to resistance after this correction, followed by a breakout towards the first new resistance levels at perhaps $72,800.
On the new BTCUSD outlook: Crypto trading legend Peter Brandt, who is known for accurately predicting Bitcoin's 84% drop in 2018, recently hinted that he sees BTC hitting the 80,000 mark soon USD. This will push the market hotter than ever.
BTCUSD is testing a limited support zone, actively defended by buyers, within the framework of an uptrend. An ascending triangle is gradually appearing in the market. In theory, we can expect the first round of bullish scenarios.
Overall, it shows us the real potential. The price is testing the $70,000 level amid a market correction. This area is quite important, there is a huge amount of liquidity behind it, but the bulls continue to actively restrain this area.
I expect the price to bounce back to resistance after this correction, followed by a breakout towards the first new resistance levels at perhaps $72,800.
On the new BTCUSD outlook: Crypto trading legend Peter Brandt, who is known for accurately predicting Bitcoin's 84% drop in 2018, recently hinted that he sees BTC hitting the 80,000 mark soon USD. This will push the market hotter than ever.
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