BTCUSDT: Past and upcoming Monthly scenerio!!
2024-10-14

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Let's analyse BTCUSDT on higher time frame:

BTCUSDT recently showed a strong daily close, indicating that bulls are still in control over bears. This close above the crucial EMA line was essential for BTC to maintain its upward momentum toward $70k. The price dipped below this EMA three times previously, each time pushing BTC down past  GETTEX:54K , allowing whales to accumulate at lower prices, highlighted by the red box.
Currently, BTC is positioned above both the EMA and the green channel, which signifies a strong demand zone just below $60k. As long as BTC remains above these two key levels, we can expect upward movement or at least sideways trading.
Forecasts suggest BTC could reach $68k - $69k before the US elections, with a potential retest during or after that period. A breakout above $72k is anticipated within the next 60-70 days.

So, get ready for the bull run; BTC has provided ample opportunities for entry at lower prices, and it’s unlikely to dip much further.

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Happy Trading!!