Bitcoin Bounces Back: Bullish Targets Ahead 
2024-10-11

BINANCE:BTCUSDT  | 4 HOUR TIMEFRAME UPDATE

The current global political landscape is quite complex, and it could significantly impact the crypto market and financial markets as a whole. In this analysis, we will focus exclusively on Bitcoin (#BTC) from a technical analysis perspective, setting aside fundamental factors.

Yesterday, the price of #Bitcoin dropped below the previous weekly low (PWL) and reached a bullish order block on the daily time frame. Following this, the price quickly rebounded, indicating strong buying interest.

Based on both the weekly and daily charts, I remain bullish on Bitcoin.

We can look for confirmation to open long positions within the range of $60,542 to $60,100. ✅

The first target for this upward movement is the previous daily high (PDH) at $61,290. Subsequent targets include: $62,030, $63,170, $64,470, $65,100, and $67,300. 📈

The invalidation point for this bullish outlook is below $58,870. ❌