Bitcoin(BTC): 2 Strong Weekly Candles / Bitcoin Need Correction
2024-11-18

Bitcoin has now 2 very strong weekly candles where buyers have shown strong dominance, which leaves no room for sellers. 

Despite that we had good upward movement so far, we have recently broken the major resistance zone at $70K, which still needs to be re-tested and secured by buyers. 

As buyers haven't secured this zone yet, we are seeing a big possibility of price having a reversal and a movement to $70K (from where we expect to see some fight between buyers and sellers).

Re-testing this major zone there would benefit all coins and alt's as well, as we might see 24-30% of correction on Bitcoin while on ALTs we might see bigger numbers. 

This would be ideal to reset the numbers and start with a proper bull market run (only if buyers manage to secure back that $70K zone).

So we wait for the $70K zone to be reached; be careful; a lot of liquidation hunting might happen very very soon!

Swallow Team