BTC on an uptrend! Re-entering the 68-69k zone.
2024-10-25

Hello, fellow traders and friends,
we see BTC on an uptrend once again,
re-entering the 68-69k zone which has shown heavy resistance multiple times in the past.

We currently see an expected pullback,
but if BTC is to breakout the zone (which is very likely due to the US presidential election) eventually,
we might see a bull run well beyond 70k.


Although we have seen BTC respecting the resistance line of the 7-months downtrend in recent few days, the trend has not completely been reversed:
it has exited the resistance line once again. 


If the price is to retreat all the way down to the resistance line, 
it might rebound and gain momentum for the bull run.