BTC has been in a continuous uptrend since its 53.3k dip and has broken the 63.8k resistance with a strong candle. After the breakout, it retested the same resistance and continued its uptrend again. During the retest, the 100 EMA also crossed the price from below, further strengthening the trend.
CURRENT UPDATE:
Currently, BTC is facing strong resistance between 70.2k - 70.5k on lower time frames, which could push BTC back down to the 65k - 66k range. However, on the 1D chart, there is resistance above 71k. If the lower time frame resistance breaks, there are chances of BTC reaching 72k - 74k and possibly creating a new all-time high.
BTC is currently bullish. We can plan short entries between 70.3k - 70.5k for the short term, but overall, BTC is bullish and a possible ATH is expected.
