BULLISH TREND IN PLAY ⟶ WILL BITCOIN HIT $82,463?
2024-10-29

Hello, everyone! 😊  
Hope you're all doing well.

Let’s dive into the key points of the #BITCOIN analysis 🔍.  
In yesterday's #BITCOIN post, I discussed two scenarios for growth. The second scenario—uninterrupted growth if the candle closes above 69,280 in the 1-hour timeframe—played out, and after confirming this scenario, we saw about a 3% sharp growth 📈. I hope you caught the previous analysis on time!

#BITCOIN started its growth from the top of its weekly bearish channel (mentioned in previous posts) in a Double-Bottom Pattern within the 1-hour timeframe 📊.

Based on the potential for a top divergence in the daily timeframe (using the MACD indicator), we should draw a trendline to confirm the final growth that validates the Double Bottom Pattern 📝.

This trendline serves as the boundary between bullish and bearish trends.  
As long as the price remains above this trendline in the 1-hour timeframe, priority goes to growth toward the following targets:

**Target 1**: 71,859.93 - 72,088.90 🎯  
**Target 2**: 74,742.20 🚀  
**Target 3**: 82,463.58 🌟

Any drop will be temporary, ultimately concluding at this trendline, after which we would re-enter a bullish trend (follow the dashed line path on the chart) 🔄.

If this bull-trend-line is broken to the downside in the 1-hour timeframe, the trend will shift from bullish to bearish in the short term ⚠️. 

In that case, we’d see a drop toward the targets of 67,600.41, 65,681.29, and finally 63,340.89 📉.