Greetings dear investors,
Due to the current situation, the next few weeks will bring some surprises. I hope that $BTC develops positively. From a technical chart perspective, we are facing a possible upward movement and thus an end to the consolidation that has been going on since mid-March this year.
How did I come up with this idea? Let's look at my analysis.
The latest developments provide some room for interpretation. From the low on September 6th, we rose to 66,000 in five parts (impulse), followed by a three-part correction to the 50-61.8 Fib retracement. After that, there was another impulsive rise towards $69,000 and rising prices are to be expected. In point 1 we see that 66,000 was broken through with increased volume. In point two, the breakthrough limit at 66,000 was tested and respected with increased volume. A five-part upswing is very, very bullish.
I expect a rise to up to $72-73,000 and am watching investors' reaction closely. Here we are again battling with Bitcoin's ATH, as well as a certain psychological limit. If this is broken, we are in "price discovery" and the theory that Bitcoin will one day reach $100,000 sounds more and more plausible. And don't forget one thing. Retail investors are STILL not interested in Bitcoin.
Let's watch Bitcoin knock us all off our feet 💥
Always do your own research before investing. Everyone has different opinions and interests. I am not liable for profits and losses and do not want to encourage you to buy or sell immediately. You act independently!
DYOR!
