How Bitcoin Can Reach 70.000-USD-Valuation In Upcoming Times!
Hi,
Welcome to this analysis about Bitcoin, we are looking at the daily timeframe perspective. In recent times Bitcoin severely tested the 60.000 USD level which is still a resistance however when Bitcoin manages to move sufficiently above it this can lead to further volatilities and continuations therefore it is necessary that Bitcoin rightly bounces in the structure with the completion of its wave-count within the main triangle-formation marked in my chart, in this case, it is important that Bitcoin does not close below the lower boundary because this will invalidate the triangle however when Bitcoin manages the breakout above the upper boundary and this is the more possible scenario it will lie ground for further developments and pointing of the 70.000 USD level.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the market.
Welcome to this analysis about Bitcoin, we are looking at the daily timeframe perspective. In recent times Bitcoin severely tested the 60.000 USD level which is still a resistance however when Bitcoin manages to move sufficiently above it this can lead to further volatilities and continuations therefore it is necessary that Bitcoin rightly bounces in the structure with the completion of its wave-count within the main triangle-formation marked in my chart, in this case, it is important that Bitcoin does not close below the lower boundary because this will invalidate the triangle however when Bitcoin manages the breakout above the upper boundary and this is the more possible scenario it will lie ground for further developments and pointing of the 70.000 USD level.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the market.
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