This is the first Bitcoin chart i've posted this month because there really isn't too much of an update since my last post calling the next target $68,000 but would like to update the chart a bit as there are more candles now to dissect.
Looking at the 4-hour time frame we see that Bitcoin has reversed off of these higher lows and broke out of the downtrend holding back the price just below the local high.
Over the weekend, Bitcoin had a 1st touch rejection of the $61,336 level before gaining it as a level of support. From here I am expecting Bitcoin to potentially retest the $61,336 level before moving upwards to the $68,361 (3.618 Fib) untouched new high target.
Looking at the 4-hour time frame we see that Bitcoin has reversed off of these higher lows and broke out of the downtrend holding back the price just below the local high.
Over the weekend, Bitcoin had a 1st touch rejection of the $61,336 level before gaining it as a level of support. From here I am expecting Bitcoin to potentially retest the $61,336 level before moving upwards to the $68,361 (3.618 Fib) untouched new high target.
