#bitcoin
Title:
Bitcoin (BTC): On the Way to 70,000 $ After a Strategic BreakoutđŽđ đ„đ«đ«
Subtitle
BTC 4-Hour Analysis: Bullish Breakout and Powerful Reversal Patternđ„đ„đ„
Int
The Bitcoin (BTC) market is preparing for a possible bullish explosion after bouncing off critical support at $54,000. By breaking through a compression zone, BTC is preparing to attack key Fibonacci retracement levels, reinforcing the prospects of a meteoric rise to new highs. Current Momentum Analysis and Targets pđ
Regarding
After hitting strong support at $54,000, BTC broke a key compression zone, creating a favorable setup for a new bullish wave. The move above the strategic Fibonacci levels (0.38 to 0.681) reinforced this trend, while a powerful inverse head and shoulders pattern is taking shape. This indicates a strong momentum potential, propelling the price between 62,000 $ and 65,000 $ initially. A new breakout could even target 70,000 $ in the medium term, a level already tested by the marketđđŠđ„
Conclusion:
Bitcoin is showing clear signs of recovery after a decisive rebound to 54,000 $ and an anticipated breakout of the squeeze. The current bullish pattern and the crossing of key Fibonacci points put BTC on the path to a rise towards $70,000. Traders and investors should closely monitor this dynamic, which could well mark the beginning of a new phase of growth.#BitcoinBreakout#CryptoTendanceđąâđ„đ„
