My previous analysis stands by me, and I have identified the strongest buy point that the price is expected to target in the range of $61,000 - $60,200 📉. Check out the previous analysis for more details 🔎. My prediction of the future movement led me to believe that Bitcoin $BTC is currently forming one of the strongest bullish technical patterns, which is the bullish continuation diamond pattern 💎🚀.
What is the diamond continuity model?
The Diamond Continuation Pattern is a pattern that appears in the middle of a strong uptrend 📈, and indicates a temporary oscillation before the uptrend resumes. If the upper resistance of the pattern is broken, we can see a strong move in price towards new levels 🌟.
Why is this model important now?
Continued Uptrend: Bitcoin has made significant gains recently, and the current pattern shows a slight slowdown before resuming the upward trend ⏳.
Critical Support: The level we mentioned earlier, between $61,000 and $60,200, is considered a strong entry point in case of a temporary price correction 🛑.
Next Resistance: If the price breaks the $69,566 level, the market may witness an explosion in the upward trend towards new levels 💥.
My future prediction 🔮
My current prediction remains that Bitcoin will accelerate and Godzilla candles will appear after mid-November 🗓️. These strong candles will be a strong indicator of a rapid rise in Bitcoin after the completion of the diamond pattern, opening the way for further gains.
What should you do?
1. Watch $61,000 - $60,200 as a strong entry point in case of temporary decline 📉.
2. Wait for confirmation of the pattern breakout upwards at $69,566 🔓 to consolidate open positions 💼.
3. Be prepared to take advantage of the big move that is expected to occur after the pattern is completed 📈🚀.
In the end, we confirm that the bullish continuation diamond pattern is a positive sign for the market, and as Bitcoin approaches this pattern, we have a golden opportunity to achieve more gains 🏆.
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