Bitcoin is now bound between a channel $61k-$73k.
After touching a low of 60k, Bitcoin has now bounced back taking 61k as its new support zone. However, there is a resistance near 73.2k.
A move above 73.2k would signal a price rally towards 80k followed by 100k. However, we expect the second target of 100k only to materialize towards the end of the second half (Nov-Dec) of 2024.
A move below 61k would signal a breakdown in prices and Bitcoin might mov
A move above 73.2k would signal a price rally towards 80k followed by 100k. However, we expect the second target of 100k only to materialize towards the end of the second half (Nov-Dec) of 2024.
A move below 61k would signal a breakdown in prices and Bitcoin might mov
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