Bitcoin Price Analysis: Bitcoin Price is Breakout from The ResisHey dude, back to cryptodeeper analysis about bitcoin price. After my latest post yesterday, Bitcoin (BTC) surged to one-week highs on Nov. 2 after days of indecisive trading culminated in a super - fast and powerful breakout. It’s already my prediction yesterday, if the falling wedge channel could be broken, we will see massive breakout.
Bitcoin Price Breakout from the Key Level
A few hours ago, the bitcoin price breakout from the falling wedge forming and touch 0,618 fibonacci. Bitcoin need to penetrate and make a close body candle above 63.700 level to continue the up trend. But not easy to breakout on the resistance. Maybe bitcoin need to testing back the support level on Fibonacci 0,5 to continue the next wave. It is good for bitcoin if correction happen. Because in the next movement we can see massive breakout with massive volume. In my opinion I am very convident about bitcoin price will be breakout very soon and make the all time high until end of year.
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