#BITCOIN ⟶ NEXT GROWTH SCENARIO
2024-10-29

**#BITCOIN Analysis Update**

Based on the 1-hour timeframe ⏰

According to the previous analysis (October 23), which I’ll pin below, #BITCOIN confirmed a bullish growth in the weekly timeframe 📈 after a breakout above the bearish channel. As I mentioned in the previous post, after the drop, growth resumed from the top of the bearish channel.

However, the structure before this bullish growth is essential! Considering that we saw a gradual rising movement from the previous low (65,260) compared to the prior drop 🔄, this growth reached the monthly target 1 (69,033.05) and the daily growth target (69,171.32), along with the previous high in the 4-hour timeframe.

Given this, there’s a chance for #BITCOIN to experience another drop before continuing its growth 🚀, potentially moving down to one of the following key support zones:

Support Zone 1: 67,600.41 - 67,758.96  
Support Zone 2: 65,596.29 - 65,681.29

After touching one of these support zones, #BITCOIN may halt the drop and start a renewed bullish growth toward the next growth targets 📊.

**Targets**:  
Target 1: 69,940.81  
Target 2: 71,859.93  
Target 3: 74,742.20

⚠️ Important Note: If #BITCOIN closes above 69,280.00 in the 1-hour timeframe, the bullish growth will likely continue without any further drop towards the targets from this point onward.