1. Current structure and key levels:

o The current price of BTC is $69,398.12, which is above the important support level at $67,003.17. This level plays a key role, as its retention may lead to a bounce and continuation of the upward movement.

o If the price holds above the level of $67,003.17, this may serve as confirmation of a bullish sentiment, followed by movement to higher targets according to Fibonacci levels.

2. Fibonacci levels for the upward movement:

o In the case of a bounce from the level of $67,003.17 and continued growth, target levels will be at:

 -0.27 Fibonacci — $70,268.91 — the first target for the upward movement.

 -0.62 Fibonacci — $75,132.21 — the next target to reach.

 -1 Fibonacci — $80,412.36 — long-term target in a strong upward movement.

3. Possible decline and forecast for the bearish scenario:

o If the level of $67,003.17 does not hold, a pullback to the following support levels is likely:

 $64,452.22 — the nearest support by volume profile.

 $60,928.67 — another important support level, also based on volume profile.

 $59,569.65 — level 0.5 according to Fibonacci, which may also support the price.

 Deeper support levels — $57,902.23 (0.618 according to Fibonacci) and $53,378.19 (by volume profile) — may become lower boundaries in case of a serious correction.

4. EMA and RSI indicators:

o EMA:

 20-day EMA at $60,412, 50-day EMA at $57,170.17, 100-day EMA at $48,369.17, and 200-day EMA at $40,838.42. These EMA levels confirm strong support at current values.

o RSI: The current RSI level is 59.13. Movement of RSI above 60 will be confirmation for continuation of the upward movement.

Support and resistance levels

Support:

• $67,003.17 — key support, from which a bounce is possible.

• $64,452.22 — important support by volume profile.

• $60,928.67 — another important volume level.

• $59,569.65 — level 0.5 according to Fibonacci.

Resistance (targets for upward movement):

• $70,268.91 — the first target at -0.27 Fibonacci.

• $75,132.21 — the second target at -0.62 Fibonacci.

• $80,412.36 — long-term target at -1 Fibonacci.

Potential scenarios and probabilities

1. Bullish scenario (probability: 65%):

o If the price holds above the level of $67,003.17, a bounce and movement towards the levels of $70,268.91, $75,132.21, and $80,412.36 according to Fibonacci is likely. The current chart structure, staying above key EMAs and RSI approaching the overbought zone, confirms a bullish sentiment.

2. Bearish scenario (probability: 30%):

o If the price does not hold at the level of $67,003.17 and a breakout occurs downwards, a pullback to the levels of $64,452.22 and $60,928.67 is possible, with deeper support at $59,569.65. A breakout below these levels may strengthen the downward trend.

3. Consolidation (probability: 5%):

o Possible consolidation in the range of $67,003.17 — $70,268.91, if the market does not find enough momentum for significant movement in either direction.

Conclusion

Bitcoin is showing a potentially bullish sentiment, where support at $67,003.17 may serve as a starting point for further growth towards targets of $70,268.91, $75,132.21, and $80,412.36.

⚠️With the start of the third month of autumn, the price #Bitcoin plummeted towards a potential breakout at the level of $69,000.

✅Experts have noted an abnormal demand for the asset from clients in the OTC market.

Regarding demand from the OTC market:

"When they have enough money, they will make the media explode with news of a new historical maximum for bitcoin. Retail will rush to Coinbase, where there will be no inventory left. The price will become nuclear. It is planned."

✅Participants in the bitcoin options market have prepared for a "bullish" scenario after the US presidential elections and the Fed meeting, increasing open interest on November calls with strike prices above $80,000.

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