#Bitcoin❗ , while jumping to the $ 75,000 band today, approached a critical resistance level that we follow at $ 75,600. The cryptocurrency has maintained its positive trend for the last month after finding support at the $ 60,000 limit last month.
#BTC☀ , which rose to$73,500 last week, then recorded a pullback to $ 67,500. This move was in line with a backtest movement after the breakdown of the downward-sloping channel that we have been following since March.
Because Bitcoin, which was once again supported at the upper band of this channel, recorded a rapid rise when the desired result was obtained for the crypto sector after the US elections were delayed.
While the positive outlook of the cryptocurrency continues in the current situation, daily closings above the last peak of $ 73,500 may allow Bitcoin to step into the Fibonacci extension zone of $ 75,600-80,000 as the upward momentum continues.
In a possible pullback, $72,200 will be followed as a second support point below $73,500, and as long as the cryptocurrency continues to maintain this support area, we can see that upward attacks may continue. Otherwise, pullbacks below $70,000 may be on the agenda.
