Bitcoin price has been consolidating below resistance since October 21st, and it appears that it will seek to break it today.
Locally, we are trading over the $62,000 level, and I anticipate a broad price increase. However, it is possible that it could move sideways below $68,000; in this case, I would open new positions at the $58,000 support level if it reaches it.
Plan B. In the event of a fakeout, the price may fall down below the downtrend line and $58,000 to levels near $55,000, where we have good support, allowing for a low-risk entry.
New objectives for the end of the year should be in the $70,000 - $73,000 - $75,000 range.
Locally, we are trading over the $62,000 level, and I anticipate a broad price increase. However, it is possible that it could move sideways below $68,000; in this case, I would open new positions at the $58,000 support level if it reaches it.
Plan B. In the event of a fakeout, the price may fall down below the downtrend line and $58,000 to levels near $55,000, where we have good support, allowing for a low-risk entry.
New objectives for the end of the year should be in the $70,000 - $73,000 - $75,000 range.
🔵 🟡 𝗙𝗥𝗘𝗘 & 𝗣𝗥𝗘𝗠𝗜𝗨𝗠 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: t.me/+5hlxWmhHaKplN2Rk
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