Bitcoin breaking 64k!!! Next 68???
2024-10-07

Hey guys!

Friday scenario didn't worked and we continue growing. Here are some thoughts about next movements. 

Bullish: We're now moving in a raising channel and the MA have a bullish cross. 

Bearish: The RSI is closing to the overbought point and there is the volume divergence. 

Additional: We are between two important resistance and support levels. 

So my thoughts here, that If buying momentum continues to fade, given the volume divergence and high RSI, a short-term pullback could occur, potentially taking Bitcoin towards the $62,000 support level. Should this support hold, it may provide a bounce opportunity for bulls to regain momentum.

On the other hand, if Bitcoin manages a successful break above the $64,000 resistance, it could pave the way for a move towards the higher resistance levels between $66,000 and $68,000, marking a continued bullish trend.

What u think?