Bitcoin breaks through 66K and encounters resistance. Can it soar after consolidation?
🚫 Bitcoin (BTC) has entered the consolidation zone! 😲 Important follow-up trend updates are here!
👋👋 Hey, everyone! BTC's trend is the same as I predicted before. So, what will happen next? Will it continue to rise or fall? The latest news is here, and I have attached a chart, take a look 👇
🔹 Let's take a look at the 4-hour chart first. BTC encountered resistance near $66,500. I said there would be a small correction, but in 4-5 days, BTC fell from $66,500 to $59,990. In the chart below, I marked a red area - this is the consolidation zone. After a positive line appears, followed by 3-4 negative lines, this area is formed. After that, the price of the currency usually rises slightly to complete this pattern, and then pulls back to prepare for a larger rise. This is how BTC moves.
🔹Now is a good time to go long on BTC! Looking at the daily chart, it is obvious that BTC is going to rise sharply. The current price is around $61,800, and you can make a lot of money if you enter the market now. The support line of the daily chart is about to break, and I am confident that BTC will rise to $70,000 in the next few days. Now all parties are bullish signals, don't hesitate, go long quickly, but don't forget to set a stop loss. That's all for now, I wish you all a happy day!
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After a few days of sharp declines, BTC, ETH, SOL, PEPE, SUI, DOGE, WIF, FET, AAVE, and BNX should enter the market to ambush, otherwise you will miss this wave of bull market! If you are still hesitant and confused, come to me for layout, I will teach you how to put away
