The BTC rate is on the path of updating local highs and continues to accumulate liquidity from below. The new high reached tonight is $64,818. The high of August 25, $65,000, has not yet been updated and there are one or two days to update it with the withdrawal of liquidity above, if the expected correction is confirmed.
#BTC price continues to move above the minor uptrend since August 7 (marked with a dashed line). However, it has returned to the range between the volume levels of $64,120 and $62,987.
The reversal potential on the daily TF remains. September 25 and 26 are the moment of truth for it. We continue to wait for a decline after their days. The best time for bulls now would be to see a correction no lower than EMA 50 and 200 of the daily TF ($60,611 and $59,587, respectively). Acceptable - no lower than the volume level of $59,335 and the current level of 0.5 Fibonacci $58,684.
If, as a result, the short signals on the daily chart are broken and the price starts to consolidate above the volume and mirror level of $64,120, we will expect growth to the following volume levels - $65,892, $67,088, $68,232. It is unlikely to go higher, because there is a pool of resistance further on the way, the key one being the downward trend from the current ATH on March 14 (currently at $68,649).
We haven't gone through the chart in terms of patterns for a long time, and in vain - since the end of March, a pGiP has formed on the chart and is working out. It was falsely broken on September 17, but the breakout on September 18 was already true. The full target for the setup is $68,682. Let us remind you that it does not necessarily have to work out completely. The presence of reversal veches on the daily chart is a weighty argument for correction. According to the pattern, +7.2% of the movement from the full target of +13.7% has already been worked out.
The level of $64,120 currently remains decisive. If there is no consolidation above it today or tomorrow and the price starts to consolidate below $62,987, this opens the way for a correction of growth from September 6.
On the 15-minute TF, the asset continues to work out in both directions all the basic targets that P73 Trend & Target Dynamics sets for it.
On the half-hour TF, the processing also became more precise and volatility increased.
On the daily TF, the asset has not yet reached two of three targets, $65,339 and $67,798. And signals of a potential high reduce the chances of this. But while the stable trend (background) is green - growth, according to the indicator, can definitely continue.
