Bitcoin's Latest Strategy Signals
2024-10-30

Major Uptrend: Bitcoin is moving towards the target area around $73,500-74,000 after a sharp breakout from the triangle pattern.

Two possible scenarios (based on arrows):

Scenario 1 (Immediate Rally): BTC could maintain its upward momentum, bypass the lower support level, and head directly towards the upper target area around $73,500-74,000.

Scenario 2 (Pullback and Retest): BTC could temporarily retrace to the highlighted support area (around $71,500) before resuming the uptrend towards the target area. Such a pullback would provide additional support confirmation before a potential rally.

In summary, the next step for BTC could see a sustained surge or a brief retest of support before reaching its triangle target. Keep an eye on these levels for the best trade setups!