BITCOIN TARGETING ALL TIME HIGHS - BTC LONG IDEA
2024-11-01

I projected and shared the idea that Bitcoin would reach $70,000 and potentially $73,000 within a few days. It happened in just two days! I hope you took the trade and made some profits, as I did.

Now, I’m preparing to position myself with the expectation that we’ll reach all-time highs within a week or two.

We recently broke a massive bearish trendline that has held since March 2024. Just before that, a daily demand zone formed, which helped break the trendline, making it a key area for me. Additionally, the equilibrium level of the bullish leg aligns perfectly with my point of interest.

I expect the price to retrace to the daily demand zone, hit the discount Fibonacci area, test the trendline, and take off from there toward new all-time highs.

Of course, I’ll be looking for lower time-frame confirmations before initiating a long position.
