On October 21, Bitcoin reached an important resistance position. Can the rising flag break through successfully? The bull market starts here.
📌Yesterday Review
BTC: Yesterday’s lowest point was 68069, the highest point was 69425, the fluctuation was 1356, and the amplitude was 2.0%
ETH: Yesterday’s lowest point was 2634, the highest point was 2759, the fluctuation was 125, and the amplitude was 4.7%
📌Today’s analysis
BTC
Bitcoin is currently trading at 68,500. After hitting the key resistance of 69,500, it began to pull back. For the time being, Bitcoin can be regarded as the fourth adjustment wave in the 5-wave rise, or as the rising flag correction stage of a super-large cycle. Therefore, the current resistance is very strong, and the first target of the pullback is around 66,000.
If Bitcoin breaks through 71,000, it means that the bullish flag pattern has completed a breakthrough, and the upward trend is expected to be around 85,000!
BTC: Yesterday’s lowest point was 68069, the highest point was 69425, the fluctuation was 1356, and the amplitude was 2.0%
ETH: Yesterday’s lowest point was 2634, the highest point was 2759, the fluctuation was 125, and the amplitude was 4.7%
📌Today’s analysis
BTC
Bitcoin is currently trading at 68,500. After hitting the key resistance of 69,500, it began to pull back. For the time being, Bitcoin can be regarded as the fourth adjustment wave in the 5-wave rise, or as the rising flag correction stage of a super-large cycle. Therefore, the current resistance is very strong, and the first target of the pullback is around 66,000.
If Bitcoin breaks through 71,000, it means that the bullish flag pattern has completed a breakthrough, and the upward trend is expected to be around 85,000!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
97,851.05
-0.99%
Replies 0