Hello, dear followers! How are you doing? Today, I’m sharing a comprehensive #bitcoin☀️ analysis starting from the monthly timeframe down to the daily. In the first attached chart on the monthly timeframe, we can see that, after failing to break through the resistance at 73,574.00, Bitcoin declined to test support around 59,422.60. It also failed to break this support level downward, prompting the bears to push the price back up. It appears Bitcoin may now be headed to retest 73,574.00. Should it break this resistance and establish it as support, we could see some consolidation here before the price continues toward 93,385.96.
https://www.tradingview.com/x/jedYeO3R/
Moving down to the weekly timeframe, as shown in the second chart, Bitcoin has successfully broken the weekly resistance level at 66,079.78 and is currently testing it as support, possibly to gauge the bears’ strength. Meanwhile, the bulls might seize this opportunity to push the price higher toward a battle at the resistance range between 73,574.00 and 76,733.33. The victor of this clash may drive the price upward to 90,555.68 or pull it back down to 59,332.88 for another test.
https://www.tradingview.com/x/3hqXg6EI/
Overall, the technical indicators signal an optimistic outlook, especially with the weekly open above resistance, suggesting a likely move to 73,574.00 once again.
If you've read this far, I truly appreciate your interest in my analysis. Your time means a lot to me—thank you! Don’t forget to hit the like and follow buttons; your support really motivates me to keep sharing more insights. And if you're interested in a daily Bitcoin analysis, feel free to let me know in the comments. It would be my pleasure to analyze it for you. Wishing you all the best and continued success!
#CryptoPreUSElection #ScrollOnBinance
