Bitcoin will rise above 80K after correction!!
2024-11-10

Bitcoin will rise above 80K after correction!!

I want share with you my opinion about Bitcoin. Observing the chart,  we can see how the price traded inside the buyer zone and soon broke the 67600 level,  after which made a retest and continued to grow. In a short time, BTC rose to current support level,  which coincided with the support area,  and then started to decline inside the wedge. When the price fell to the 67600 support level,  it entered the buyer zone, rebounded from the support line of the wedge,  and started to grow. Firstly it corrected and then rebounded up to the current support level. Price broke this level,  made a retest,  and continued to grow to the resistance line of the wedge. Bitcoin some time traded near this line and later corrected  to support line of the wedge pattern, after which it made an upward impulse. After this movement,  the price exited from the wedge and now reached a new ATH (79800 points), after which made little correction. Now,  it continues to rise, so, in my opinion, the price can make a correction movement and then start to grow. Also,  I think it can reach new ATH, so, I set my target at 81500 points