Bitcoin hits a new ATH! Potential for a higher swing
2024-12-16
Category: None

BTC/USDT has reached a new all-time high, breaking out of a trend continuation pattern commonly observed in this market. The long-tailed bar on the weekly timeframe indicates potential momentum toward the 115,000 level in the near future. Currently, the market has made an impulsive upward move and is now consolidating sideways. A pullback toward the support zone and upward trendline may precede further upward continuation if rejection candles form, signalling buying pressure. The target resistance zone for this movement is around 108,000