BTCUSD Technical Update : Bullish Breakout ConfirmedOn November 4th, Bitcoin (BTCUSD) successfully tested trendline support at $66,783.77, followed by a decisive breakout above resistance at $68,800 on November 5th. This surge propelled BTCUSD to a new all-time high (ATH) in the $75,000 area.
Consolidation and Continuation
From November 6th to 9th, BTCUSD consolidated sideways before resuming its upward trajectory. The new bullish support trendline at $76,509.56 remained intact, providing a springboard for further gains.
Key Breakout and New ATH
BTCUSD breached resistance at $78,210, skyrocketing past $80,000 to establish a fresh ATH at $81,111.
Technical Outlook
- Support Zones: $79,250 and $77,312.17
- Resistance Zones: $80,137.69 and $81,111 (new ATH)
- Bullish momentum intact
Recommendation
Maintain long positions, targeting further upside.
Caution
- Monitor for potential pullbacks
- Adjust strategies according to market conditions
BTCUSD: Bullish breakout above $68,800. New ATH at $81,111. Support zones: $79,250, $77,312.17. Resistance: $80,137.69.
