BTCUSDT- About to break resistance and move towards 80K!
2024-10-30

BTCUSDT- About to break resistance and move towards 80K!

Channel Breakout:  Bitcoin is moving within an ascending channel, with price action close to the upper boundary,  indicating bullish momentum.

Resistance Test:  After breaking above a long-term downward trendline, Bitcoin has held steady,  suggesting that the previous resistance is now acting as support.

Next Target Zones:  Price is heading toward the next resistance area around $74,000 - $76,000, highlighted by potential bullish continuation patterns.

Upside Potential:  A successful breakout above the $76,000 level could propel Bitcoin toward the $80,000+ range, fueling further optimism for a strong uptrend.

Watch for Retests:  If Bitcoin retraces, it could find support within the channel or around the previous breakout point,  making these ideal zones for potential entry.