Happy days as we start the new week with a bullish mark on the bitcoin chart. The expectations of last week have now been reached this week. If you didn’t catch the trend earlier it’s not best to just jump right in. Best to check lower timeframes for better entry. This week we expect bitcoin to reach $70,000 as the market volume increases. The present price is $62,500 and should push higher before retesting level $61,265 and making it support before the next up-run. Also watch the MACD next downwards cross before taking the next upward trend.
Looking at the technical indicators:
Major Support Level– $58,751
Major Resistance Level– $61,265
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