Bitcoin — Crucial Levels To Watch Right Now 🚨
After yesterday's pump, Bitcoin took a short breather and corrected slightly. We already discussed this scenario yesterday and rated it as healthy and needed.
However, it looks like the bulls are already back in control and trying to push the price candle back into the green. Although I love to see this, it is also okay to have a smaller correction for a couple of days.
Regardless of the short-term price action, I consider two price levels crucial to watch right now:
1️⃣ 67.5k - 68k: Currently, this area represents the upper boundary of the bull flag and an essential resistance simultaneously. It is worth mentioning that this level changes in case Bitcoin takes longer before attacking it.
2️⃣ 73.5k: The all-time high marks the second crucial level that becomes relevant once Bitcoin breaks the bull flag to the upside.
What happens once Bitcoin breaks through both resistances?
I am absolutely convinced that breaking both levels directly sets the course toward 100k.
Obviously, a march towards 100k won't happen overnight. However, breaking both resistances should signal the start of an extensive rally towards the fourth quarter and the end of the year.
