As discussed in last $BTC update we are still waiting for $70K zone. We were expecting $70k before weekend but due to of bull flag resistance at $69k we were unable to do it.
Right now today and tomorrow we are expecting some consolidation around 68K and a dip till $67K region . If that dip come then it will be very beneficial for market upward move. But we also need weekly closing above 68K for new ATH without visit of 64K zone.
In simple words we are expecting consolidation around $68K today and tomorrow. On Monday we can see 70K zone. It is what we are expecting and waiting for next 3 days. Here are some 50/50 and double sided thoughts for whole of the next week.
If weekly close above 68K and then 2 or 3 one day closing above high $69K then we will can see $75K region in last week of October . But if BTC close weekly candle below then it will be not good sign for market .
Once again at that time just look for $70K that is expected on Monday . If you find this post helpful then don't forget to like post and follow #MU_Traders for more updates .
