The price of Bitcoin has recently surged above $64,000, showing an 18% increase over the last 20 days and breaking through a significant resistance level. After a brief dip of 1.73% last night, it rebounded by 1.89% today. The ongoing bull run has pushed the price above both the 50-day and 200-day Exponential Moving Averages (EMAs), which avoided a potential "death cross" and shifted back into a positive trend, potentially offering dynamic support.

This bullish cycle has formed a double-bottom reversal pattern with a V-shaped recovery, surpassing the neckline and aligning with the 50% Fibonacci retracement level. The recent breakout indicates a strong bullish trend, suggesting that the final quarter of 2024 could be very positive for Bitcoin. A "W" double-bottom pattern has formed on the 4-hour chart near a resistance zone, raising the question of whether Bitcoin will break through this level.

Historically, Bitcoin has shown strong Q4 performances in halving years, such as 2016 and 2020, which ended in notable bull runs. With the current breakout and the bullish momentum, there is a strong expectation that the 2024 halving year could also end on a high note.

#BinanceLaunchpoolHMSTR #HMSTRonBinance #CATIonBinance #NeiroOnBinance $BTC