BITCOIN → Is the $100K target becoming more and more realistic?

2024年11月9日

BTCUSD is in the bull run phase and updating highs due to the excitement of the US presidential election. After 8 months, there are finally reasons for the price to come out of the prolonged accumulation. Now the distribution.



BTC has one bullish driver after another as it approaches ATH:
Trump's victory in the US presidential election.
Then the second 0.25% Fed rate cut in this cycle
Discussions about BTC as a strategic reserve.
Next is the SEC. Trump promised to get rid of the head of the SEC, so the choice will be made in favor of a more loyal to cryptocurrencies person.
In general, the fundamental background for cryptocurrencies is very bullish, altcoins may finally go straight to the moon.
Technically, bitcoin has a key resistance of 76900 at the moment, as well as key support zones, which is worth paying attention to as the price has been forming a local accumulation for two days. Accordingly, the move may continue in the near term.

Resistance levels: 76900
Support levels: 75650, 74560, 73550

The price is squeezing in front of the resistance, which may lead to a breakout. But, the liquidity is decreasing on the weekend, which may lead to a small correction, for example, to 75650 or other areas lower on the chart. We can't talk about any selling now, the reason is obvious, so we are looking for strong resistance levels (to continue the movement), or strong support levels (to bounce with the purpose of buying).
The target of 100K is becoming more and more real ;)

Rate, share your opinion and questions, let's discuss what's going on with ★
BTCUSDT ;)

Regards R. Linda!

2024年11月10日

交易進行

At night, a breakout of the indicated resistance is formed.
Price entry into the zone of 76900 activates orders, which provokes the impulse to 80K

2024年11月10日

交易結束：目標達成

2024年11月11日

註釋

The Bulls continue to trample the path.
Price is testing 83K

2024年11月11日

註釋

Price is testing 85K

2024年11月11日

註釋

85K - DONE!