Chart Overview: - Resistance Levels: - Primary resistance at $73,612. - Secondary target at $77,604.
Trend Analysis: - The chart indicates a bullish trend with a clear trajectory toward $77,604. - Bitcoin has broken out from a descending trendline, confirming the upward movement.
Price Patterns: - There are two potential correction zones within the rising trend: 1. Around the $70,000 level. 2. Between $73,612 and $77,604.
Bullish Trend Confirmation: - The rising trend is considered strong and likely to continue toward $77,604. - Minor corrections are expected, but the overall upward momentum is certain.
Conclusion: - Bitcoin is on a bullish path with an expected rise to $77,604. - Corrections may occur, but the overall trend remains upward.
✎Actionable Insights: - Long positions can be considered, targeting $77,604. - Watch for minor corrections at $70,000 and $73,612 as potential re-entry points.
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