The BTC rate is above $68,000, being tested by the breakdown of the downward trend from ATH on March 14. The 0.786 Fibonacci level was also tested and the volume level of $68,232 was clearly tested.
The decline on the news about Biden’s withdrawal from the presidential race is currently playing the role of a long squeeze with a test of the volume level of $65,892 and the removal of liquidity behind the level of yesterday’s candle.
On the indicator with a multiplier - a full test of the second line on the daily timeframe. And the next goal is already significantly higher - $70,579.
The local high has been updated again, but the expected correction still hasn’t started. But, let’s say, when else, if not after testing all these resistances?
The price is now above the closing level of BTC futures trading on the Chicago Mercantile Exchange (CME). This, remember, is $67,300.
