7.16 Will Bitcoin continue to soar after the surge? If you miss this year, you may not have the chance!
The current price of Bitcoin has reached around 64,500. It looks very similar to the previous wave of false breakouts. After the false breakout, it immediately started the upward trend.
Then our member community started to buy Bitcoin as early as around 59,000, and the profit target was around 64,500. Then today, the price just came to our profit-taking position, and we successfully took profit and won 5,500 points of profit.
Yesterday we said that Bitcoin might encounter resistance and pullback, and then this head and shoulders bottom pattern at the daily level would appear, and then continue to rise. However, the price rose directly without this pullback, and it can be observed from the figure that the current large positive line closed on the daily line is almost the same as the volume of the large positive line after the previous false breakout.
After the false breakout and the appearance of this big positive line, the price began to fluctuate upward. A few days later, the price appeared again and reached the previous historical high of Bitcoin. After the big positive line appeared, the market rose very quickly.
In fact, Bitcoin rarely has such a rapid rise opportunity in a year. If you are lucky enough to catch one or two waves, then this year's income must be quite good. You need such an opportunity to make a lot of money.
From a short-term perspective, Bitcoin has just broken through the key resistance in front when it came to above 64,000. It is very likely to become a position of support and resistance exchange. Today, we will see whether it can step back and continue to rebound. I think everyone can wait for such an opportunity.
Because the previous market, as shown in the figure, is also such a situation! After breaking through the key resistance in front, there is a slight quick retracement, and then the price will immediately start the upward trend!
