Lingrid | BITCOIN  potential Shift in the TREND
2024-10-07

Last week,  BINANCE:BTCUSDT  bounced off the resistance and dipped down to retest the psychological support level at 60,000. After this retest, the price bounced back and managed to break and close above the 62,500 level, which had been tested multiple times before. Looking left, we can see that this level was respected five times in a row. The recent candle further highlights the strength of this level, as it broke the level with a large bullish candle. On the daily timeframe, the higher lows and higher closes indicate a more bullish sentiment rather than a bearish one. I believe that if this support holds, there is a strong chance the price may retest the recent resistance zone. My target is resisatnce zone around 65,500


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