hello guys!
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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