Tim_bull

As i said earlier (5 october) if bitcoin can't close candle above ath target will be 118 000. İt happened. Now we are going to the 118.

In my previous analysis, I predicted that Bitcoin would reach ATH if it broke through its channel and resistance with a high volume candle. And that's exactly what happened. Now, for the upward momentum to continue, the daily candle must close above ATH. However, as you can see, it's taking a wick from above. If today's candle closes this way, our direction will be 118,000.

Bitcoin broke out of the falling channel with a high volume candlestick. If the 1 D candle closes above the 118,000 resistance, Bitcoin will reach a new ath. A small retest after breaking the 118,000 level could be an opportunity to buy Bitcoin. However, it is still beneficial to consider the fundamental risks.

Uncertainty persists following the Fed meeting. I can't yet predict how the market will react to the three interest rate cuts (in the short to medium term). However, if money inflows into the market and others.d rise, it would be beneficial to review the altcoins that have broken through. One of these altcoins could be Zen.

If the OP breaks above 09975 it's bullish. The red resistance I drew is the OP's pivot resistance. If this level is broken, the tobo will execute, reaching both the tobo and fib targets.