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#Marketupdate #Bitcoinā made a significant move yesterday, breaking through the critical resistance level at $66.4K, which corresponds to both Monday's high and the previous month's high. Following this breakout, we've already seen a retest of this level with a positive reaction, indicating bullish momentum. There's potential for Bitcoin to push towards the all-time high of $69K from 2021. The weekly chart presents a favorable outlook, suggesting a possible breakout from a seven-month downtrend. Should there be any corrections today, the mid-$65K area will be an important support level to monitor. Overall, the current technical indicators and price action are encouraging for Bitcoin's upward trajectory.
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#Market_Update Yesterday's market update played out perfectlyā4-hour support at $64.4k (previous week high) held, leading to a move to $66.4k (previous month high). This level is now acting as solid resistance, which is to be expected. From here, I am looking at the reaction on any retest of $64.4k. Alternatively, a 4-hour close above $66.4k could quickly set us on the path to $68k.
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#Marketupdate As noted over the weekend, the $62,000 level (previous Monday's low) was a solid area to anticipate a bounce. We successfully capitalized on this entry, achieving a notable 5% move. Additionally, we have just closed a 4-hour candle above $64,400 (previous weekās high). If this level holds as short-term support, we could see a swift rally towards $66,400 (previous month's high). Overall, weāre on a strong upward trajectory, and Iām content to monitor how the Monday range unfolds before making further decisions.
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