#BITCOIN ⟶ READY TO EXPLODE?!
2024-10-25

#Bitcoin Analysis - 1-Hour Timeframe

As long as #Bitcoin remains above its weekly support at 66963.27 on the 4-hour timeframe, its bullish trend is likely to continue.

One potential growth pattern is a rising wedge, as shown in the chart.

In a bearish scenario, before resuming its growth, it might retest the 66963.27 support level.

#Bitcoin's next growth targets:

Target 1: 69033.05-69195.52
Target 2: 69697.40
Target 3: 70192.76
Target 4: 71482.50
Target 5: 73905.50
Note: Target 2 is a significant resistance level. A re-evaluation of the chart after reaching this target is essential to determine if the growth will continue or if a correction will occur before further growth.

Stop-loss for this growth plan: A breakout below the weekly support level of 66963.27 on the 4-hour timeframe. In this case, the trend remains bullish according to my previous analysis, but a drop to the previous low before the growth is likely.

This analysis represents my personal opinion, and you are solely responsible for your decisions.

Wishing you the best!