Bitcoin targets 70K! - #BTC Analysis
2024-10-16

Bitcoin and risk assets have been looking great lately. I believe the upward momentum will continue in the upcoming weeks. The golden bull run is coming for crypto, in my opinion.

Current state:

I believe we tested diagonal resistance and were rejected there (possibly taking profits from those who bought at the bottom).

I would expect a retracement to the 'Long Zone' marked on the chart. The retracement may potentially take a bit longer and might create a range for a couple of days. However, after the retracement, I do expect to see 70K being smashed rapidly.