Market Analysis - NOVEMBER 7th, 2024
TECHNICAL (DAILY)
$BTC has just filled its previous candle imbalance and taken out the upper liquidity at $73,773 , breaking above this crucial level.
Bulls are in control as this key resistance is left in the dust!
On the weekly timeframe, Bitcoin has broken out of the bull flag pattern—a major bullish sign.
But the real test is yet to come. For this breakout to hold and confirm continued upward momentum, $BTC needs to close above this level on the weekly chart.
If it holds, expect massive upward momentum as this breakout aligns with broader bullish signals.
The stage is set for explosive moves—will the bulls keep charging, or will we see a test of this level?
