And - the growth continues, the BTC rate is above $67,000. The volume level of $67,088 has been broken. What is even more important - the price has almost reached the global downward trend with the ATH of March 14 and the volume level of $68,232. Without any corrections to $64,120. Yesterday we wrote that we do not expect it to go above this resistance yet.
The third basic target from P73 Trend & Target Dynamics on the 12-hour TF ($67,794) was reached. And the third basic target on the daily TF ($67,798).
In today's review, we assumed that the growth would continue until the end of the day on the second 12-hour candle. Although we considered that this was a non-priority option. Now is the last, third of the possible reversal candles from P73 Trend & Target Dynamics on this TF. Then either a breakdown (we repeat, it happened only once out of 14 in six months), or the signal is processed by correction or range. But the day is not over yet, the candle is not closed yet.
While the growth continues and, given the strength of the sellers, it is probably stupid to short it until the indicator shows a stable downtrend at least on the hourly TF.
Once the 30-minute signal was broken. There is practically no weakness of buyers on the pump of October 14-15. Minor rollbacks with the working out of correction targets are only on the younger TFs.
The reason for a new impulse growth instead of the correction that everyone (and we) are waiting for would be a breakout of the psychological $69,000. ATH of the last cycle. There, a significant acceleration could begin.
