Bitcoin - Is the road to $70k open ❓😲
Bitcoin has been in a trading range for eighteen days.
Since 20 October, the price has been moving in a downtrend, making lower lows and lower highs. But a few days ago, the trend changed to uptrend and the price started to make higher lows and highs. This is a very good signal for continued upside.
There is a strong resistance level of $63,800 ahead, on the way to $70,000. The first time the price could not overcome this level, after which there was a false breakdown and a local pullback of the price. Now bitcoin is approaching that level again, and if the price manages to close above that level, bitcoin is likely to quickly continue its way up to the $67k and $70k levels.
And of course don't forget to subscribe to our tradingview and other platforms, leave the name of the coin you want us to analyse in the comments. 💚
Since 20 October, the price has been moving in a downtrend, making lower lows and lower highs. But a few days ago, the trend changed to uptrend and the price started to make higher lows and highs. This is a very good signal for continued upside.
There is a strong resistance level of $63,800 ahead, on the way to $70,000. The first time the price could not overcome this level, after which there was a false breakdown and a local pullback of the price. Now bitcoin is approaching that level again, and if the price manages to close above that level, bitcoin is likely to quickly continue its way up to the $67k and $70k levels.
And of course don't forget to subscribe to our tradingview and other platforms, leave the name of the coin you want us to analyse in the comments. 💚
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