Bitcoin will continue to rise to 90K!!
2024-11-12

Bitcoin will continue to rise to 90K!!

Unlike what we typically see in many market conditions,  the current chart does not show a new support level that has been created by recent candlestick formations. This is  somewhat atypical, as markets often establish new support points with clear price action. Given this,  I have relied on Fibonacci retracement levels and trendlines to mark the critical support zones that should be closely  monitored.

In light of the recent surge in trading volume and the influx of new participants in the market,  it is highly likely that we will witness a price increase in Bitcoin of at least 10% in the near future. This increase  is supported by strong buying interest and a positive market sentiment that has been building over the past few weeks.  📚 ✨
As we move through this potential uptrend,  it is also important to remain aware of the possibility of range-bound candles appearing in the market. These can  indicate periods of consolidation or short-term price fluctuations as the market gathers momentum before the next  significant move.

Our team's main opinion is The chart currently lacks a new support level from recent candles,  so I’ve used Fibonacci and trendlines to highlight key support zones. With increased trading volume,  Bitcoin is expected to rise by at least 10%,  though short-term range-bound candles may appear during this upward movement.