$BTC Breaks Barriers: $70k or Bust?
Last time, we anticipated a pump after Bitcoin (BTC) deviated from its range. We expected BTC to hit the median around $66.4k. While the pullback didn't reach our target, we remain bullish even during market downturns.
So, what's next for BTC? We just broke above the median, and if this momentum continues in the 1-day timeframe, we could see BTC reach $70k. This area presents both liquidity and psychological resistance.
Looking back at the last deviation in this range, BTC dipped below our bottom target of $59.1k before rallying to $72.1k. This time, the deviation is confirmed since we reached the median. Based on historical data, we can see that BTC reaches $70k-$72k, or even the top of the range at $73.8k.
It's important to note that BTC is creating gaps in the 1-day timeframe, and there's a possibility it will fill them. However, I always maintain a trading plan and adapt my bias based on how the market unfolds.
