#BITCOIN ⟶ STRONG BULLISH TREND!!
2024-11-07

#BITCOIN based on the 1-hour timeframe: As long as it remains above the bullish trendline drawn in the chart, it maintains a strong bullish trend and can continue its growth without any significant drop 📈

In this scenario, the maximum drop would be to either the 73,757.17 support level or the 1-hour bullish trendline. After touching these supports, the drop is expected to stop, and growth should resume towards the next targets 📊

Note: There's a chance that growth could start from this area due to the breakout of the last bearish channel in the 15-minute timeframe. If you decide to buy in this case, make sure to risk-free on Target 1 🎯

Next growth targets from short-term to long-term:

🎯 Target 1: 76,292.75
🎯 Target 2: 78,209.70
🎯 Target 3: 80,859.67
🎯 Target 4: 82,293.50

Stop-loss for the strong bullish scenario: A breakout of the bullish trendline drawn in the chart on the 1-hour timeframe won’t turn the trend bearish, but it could lead to a deeper drop down to the 67,619.38 area before growth resumes 📉

Personal opinion!! Not to be used solely as a basis for decision-making ⚠️
