BTC 1D Chart Detailed Analysis:
Hello everyone,
Current Status: As per the 1-day chart, BTC entered a bullish momentum on July 16 while trading at 64,680.6. It is currently trading above 67,000.
Possibility of Breaking ATH: There is a high possibility for BTC to break its all-time high (ATH) this time. After a prolonged bearish trend with sideways movement from April 5 to July 10, BTC entered bullish momentum on July 16. This phase is expected to gain over 25%.
Expected Targets:
- First Target: BTC has strong resistance at 70,356.2. However, it is anticipated to break this level and reach our first expected target of 76,031.7.
- Second Target: After a few days, BTC is expected to surpass 80,000 and reach our second expected target of 81,707.3.
Projected Gain: BTC is expected to gain 26.32%. Those holding BTC in their wallets can consider selling at our second target price.
Lower Timeframe Analysis: The inability to maintain bearish momentum in lower timeframes can be attributed to the strong bullish trend observed in the 1D chart.
If there are any changes in the 1D chart, I will share the updates.
Note: Always do your own research (DYOR) first. You can use this information for your reference. Don’t get confused with lower timeframe analysis, as it is based on daily profit concepts.
Thanks for your support and love ❤️.
Author : @KingofBTC2024 (For All) BXT
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