Bitcoin is about to touch 70,000 US dollars. Will it reach 80,000 this time? Or return to 60,000?
After nearly 8 months of fluctuations, the current price of Bitcoin is around 67,000 US dollars. This time it is around 70,000. Will it break through the historical high and reach 80,000 US dollars? Or will it fall to 60,000 as usual?
From the market, there are 3 rebounds in the oscillation zone on the weekly line, and they all encounter pressure near 70,000. The price of each rebound is getting lower and lower, and the low point of each decline is getting lower and lower. This is also one of the reasons why many technical schools are not optimistic about the market.
Can it really break through this time? The weekly line has not closed this week. We can first look at the 3-day line. From the 3-day line, we can see that the current "slightly downward tilted parallel channel" is a very deceptive trapping pattern, which makes people feel that the market is shaky and hopeless in the later period.
In the whole large market, the short volume has obviously begun to shrink compared with the previous declines, indicating that the air force is weakening.
Recently, the K-line has risen or fallen faster and the time has become shorter, indicating that the market is accelerating. Looking at the auxiliary, the overall large shock area MACD column diverges, the line body begins to become clear from entanglement, and forms a golden cross under the zero axis. The K-line also comes to the upper track of the Bollinger, and the bulls increase the volume and have an opening trend.
Have you summarized any signs? This shows a signal that when Bitcoin rushes to 70,000 again, it will be different from the past, and many people will be caught off guard and miss the opportunity directly.
