Today Bitcoin touched 69K after went down from 73K. ı shared a post while Bitcoin price was 71K and said I was waiting for 69K to see retest on Bitcoin price chart. It happened. Bitcoin touched 69K due to retest great resistance!
Here you can see daily chart of Bitcoin. Even Bitcoin did double top on this chart, Retest on 69K is completed. Bitcoin price may reverse after restest and may try to break up all time high level!
2024 US election is coming soon and technical analysis is ready for this date. Bitcoin completed all technical requirements to break up all time high. I think we will see all time high after 2024 US election!
Here you can see the indicator on daily Bitcoin price chart. Bitcoin should break up the resistances on the indicators! There is great resistance on MACD Indicator. If Bitcoin price completes retest and reverses MACD Resistance will be broken up!
There is downtrend line on Fisher Indicator. We will see this downtrend during retest.
There is uptrend line on Bitcoin price chart, It may be broken down in a few days. It is working as a suport line. It is possible see broken down in a few days.. Even it will be broken down in a few days, Retest line of Bitcoin price chart will support Bitcoin price. I don't think that we will see Bitcoin price below 69K in this year!
As I said, Bitcoin is trying to get ready for technical analysis to break up all time high. 2024 US Election will be trigger of this trend..
We will see..
Posted Using InLeo Alpha
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