The Bitcoin cryptocurrency is expected to rise further towards the next resistance level of 70000.00, former main resistance from July.
– Bitcoin broke the resistance zone
– Probable rise to the 70000.00 resistance level
Bitcoin cryptocurrency under bullish pressure after the previous break of the resistance zone between the key resistance level 66290.00 (which stopped the previous minor impulse wave in September, as you can see from the Bitcoin daily chart below) and the trend line of resistance of the daily triangle since the beginning of August. The breakdown of this resistance zone accelerated the short-term active impulse wave iii, which is a part of the minor sub-impulse wave 3 of the intermediate impulse wave (3) from the beginning of August.
Given the bullish sentiment that can be observed in the cryptocurrency markets today, one can expect the Bitcoin cryptocurrency to rise further towards the next resistance level of 70000.00, formerly a major resistance from July.
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