BTC towards $76k!
2024-10-29

hello guys

Channel Breakout: Bitcoin is moving within an ascending channel, with price action close to the upper boundary, indicating bullish momentum.

Resistance Test: After breaking above a long-term downward trendline, Bitcoin has held steady, suggesting that the previous resistance is now acting as support.

Next Target Zones: Price is heading toward the next resistance area around $74,000–$76,000, highlighted by potential bullish continuation patterns.

Upside Potential: A successful breakout above the $76,000 level could propel Bitcoin toward the $80,000+ range, fueling further optimism for a strong uptrend.

Watch for Retests: If Bitcoin retraces, it could find support within the channel or around the previous breakout point, making these ideal zones for potential entry.