BTC İs Poised For a New All-Time-High
2024-09-27


After bottoming out at  GETTEX:49K , the price formed a higher low at $52.5K.

Starting from $52.5K, momentum initially created a well-defined orange uptrend channel between 6-19 September.

Following the uptrend channel, a 7-day horizontal consolidation between exactly $62,600 and $64,100 filled a significant gap from 19-26 September.

These points suggest that the current price increase is quite healthy.

I believe the upper purple uptrend channel, which runs parallel to the orange uptrend, will be the next near-term target. This implies we can anticipate a new all-time high and an upcoming pump.