BTC Update:
BTC has broken above the major trendline resistance on the daily chart, currently trading around $70,900. This breakout is significant, as it indicates a bullish momentum with potential for higher targets if this level is sustained.
- Volume: There’s a notable increase in volume supporting this breakout, a bullish sign that suggests buying interest at this level.
Key Levels:
- Immediate Support: Now at $67,500, the previous resistance could act as new support.
- Next Resistance: If BTC holds above this level, it could aim for $73,000 and potentially beyond.
Caution: Watch for any signs of rejection or a retracement back below the trendline, which could indicate a false breakout. Trade wisely!
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