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.
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#CryptoPreUSElection #ScrollOnBinance
