Bitcoin to hit the All Time High.
Hello Traders,
Welcome to the latest update on Bitcoin in the daily timeframe. From 50k, BTC has surged to
64K, marking a 27% rally over the past 6 days. The daily close at 62.4k indicates a step forward towards the possibility of BTC hitting its all-time high (ATH). Moving forward, BTC faces the first layer of resistance between 64.8k and 65k. A successful break and close above this level, whether in the daily or weekly timeframe, could pave the way for BTC to target its ATH at 69k.
While many have been anticipating a market correction, it has yet to materialize. Does this mean we are at the peak of the correction? It's uncertain. However, whether BTC reaches its ATH or establishes a new one, a correction appears imminent. It could occur either before or after the halving, but it's on the horizon.
That's all for now. Thank you for reading.
Regards,
Team Dexter
Welcome to the latest update on Bitcoin in the daily timeframe. From 50k, BTC has surged to
64K, marking a 27% rally over the past 6 days. The daily close at 62.4k indicates a step forward towards the possibility of BTC hitting its all-time high (ATH). Moving forward, BTC faces the first layer of resistance between 64.8k and 65k. A successful break and close above this level, whether in the daily or weekly timeframe, could pave the way for BTC to target its ATH at 69k.While many have been anticipating a market correction, it has yet to materialize. Does this mean we are at the peak of the correction? It's uncertain. However, whether BTC reaches its ATH or establishes a new one, a correction appears imminent. It could occur either before or after the halving, but it's on the horizon.
That's all for now. Thank you for reading.
Regards,
Team Dexter
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