Bitcoin Decision is Here!
2024-10-20

Hello, traders!

Today, we’re going to analyze BTC in a weekly timeframe.

In the next 7 hours, BTC will likely confirm a major breakout with a weekly close above the parallel channel resistance. BTC has been attempting to break above this resistance for quite some time, and it looks like the breakout is finally happening.

A weekly close above the resistance will confirm a major bullish scenario for Bitcoin, setting its primary target at the all-time high of $73.7k.

On the daily timeframe, BTC is at a critical resistance, and a daily close above it will provide double confirmation.

We’ll wait for the weekly close and see what BTC has in store.

Trade safely!