Bitcoin (BTC) on the verge of a breakout: The big rally is near!

Bitcoin (BTC) increased the signals for the bull season after breaking above $68,000.

$BTC , which has been pricing upwards since $60,000, accelerated the bull run. The leader of cryptocurrencies moving upwards with dominance is advancing step by step towards ATH.

As of the writing of the news, Bitcoin, which changed hands at $68,219, is facing a significant resistance level. BTC, which is close to both the falling channel and the horizontal resistance zone, may retreat to the $64,777 - $62,000 - $59,647 - $59,602 - $52,614 and $50,580 bands, respectively, if it cannot exceed the $68,000 - $70,000 range. In this process, $62,000 will be decisive for the short/medium term. Continuation of weekly closings above $62,000 will increase bullish signals.

If the net flow series in spot ETFs continues, it is highly probable that money inflows into BTC will increase. In such a scenario, the $70,000 band can be followed as resistance first. Exceeding this level, which is both psychologically and technically challenging, will bring new peaks. If Bitcoin refreshes its ATH, $75,000 can be followed as resistance first, then $80,000.

In this process, the US presidential elections will also play an important role in the BTC price. If Donald Trump is elected president, volatility in $BTC may increase.

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