Here's a quick rundown on the latest with BTC:
1. BTC made a breakthrough by surpassing EMA200 on the H4 chart, finally succeeding after three previous failed attempts.
2. It made a notable move by surpassing the previous lower high (LH) at 64,700, briefly reaching above 65k and then experiencing a drop of $1,500, albeit with lower volume.
3. There's excitement over the breakout of the descending trendline stemming from the peak at 72k. Some analysts believe that the corrections seen today might just be the typical Monday dip, signaling a potential buying opportunity.
4. The ascending trendline originating from December 2023 seems to be holding strong, adding to the bullish sentiment.
Looking forward, the next target for BTC is set at 69k. If it manages to clear that hurdle, the sky's the limit, with some predicting it could surge all the way up to 84k.
However, keep an eye out for a daily close below the April 2024 close at 60.6k, as that could invalidate the current bullish outlook. Stay tuned for more updates as the situation evolves! đ
