Even Bitcoin price went up fast with volume, it can not break up all time high. Even it broke up great resistances, it reversed from the top. Double top pattern happened. We may wait for Bitcoin to make price correction. It needs time to make correction for price and indicators..
Here you can see daily chart of Bitcoin. I warned you about price correction on Bitcoin. I would be great chance to pick up discounted crypto with price drop of Bitcoin. It happened. Lots of altcoins are cheap and discounted. 69K may be price target for Bitcoin. It is retsted of great resistance. Bitcoin price may be supported by this resistance as a support and may go up to break up all time high!
Here you can see the indicators on Bitcoin price chart. This is why I was waiting for price correction on Bitcoin price chart. There was a great resistance on MACD Indicator. Even It seemed as breakin up yesterday, It was only a bullish trap! It is trying to reverse down today and We may see reversing. It will be a reason for price correction and This is why I am waiting for 69K.
If Bitcoin price touchs and reverses from 69K, There will be no reason to break up all time high for 2024 US Election.
After 2024 US Election, price correction may be completed and Bitcoin price may continue its bull run.
I think we will see all time high in November! I shared price target of long term Bitcoin price chart. I think we will see price target in 2025..
Posted Using InLeo Alpha
