BTC Sets new ATH, correction possible
Hello everyone, let's look at the 1H BTC to USDT chart, as you can see we had a strong breakout from the triangle, which gave a new ATH level for BTC.
When the resistance level from the previous ATH was broken and the price established a new ATH at $70,360, if this level was maintained and the resistance was positively tested, it could give an upward impulse to around $75,686.
When a larger recovery begins, we have three significant support levels, the first one is at $66,036, then the second one is visible at $63,369, and then the very important level is $59,098.
If we look at the RSI and STOCH indicators, there is still room for a possible continuation of the recovery.
When the resistance level from the previous ATH was broken and the price established a new ATH at $70,360, if this level was maintained and the resistance was positively tested, it could give an upward impulse to around $75,686.
When a larger recovery begins, we have three significant support levels, the first one is at $66,036, then the second one is visible at $63,369, and then the very important level is $59,098.
If we look at the RSI and STOCH indicators, there is still room for a possible continuation of the recovery.