$BTC Bitcoin near $75,000… Will a breakout precede a new rally?
Sometimes the most important question isn’t: How high will Bitcoin go? It’s: What signal is worth risking our money for?
After retreating from levels above $80,000 last week, Bitcoin is trading near $75,700 today. Data for November 8 indicate an early trading range of approximately $75,638 to $75,754, while on November 6 it reached a high of $76,291 and a low of $74,795.
These levels give us a clear map to monitor, but they don’t confirm that the correction is over.
Conditional spot trade scenario
Entry after breaking above $76,300 and holding above it
First target: $77,345
Second target: $77,965
Set the stop-loss below the confirmed retest low.
The targets are historical price zones the market reached on November 3, not guaranteed forecasts. It’s preferable to wait for an hourly candle to close above resistance, accompanied by improving trading volume. A break below $74,795 could indicate that selling pressure is continuing.
Do you expect Bitcoin to reclaim the $80,000 level soon, or does the market need further correction?
Sometimes the most important question isn’t: How high will Bitcoin go? It’s: What signal is worth risking our money for?
After retreating from levels above $80,000 last week, Bitcoin is trading near $75,700 today. Data for November 8 indicate an early trading range of approximately $75,638 to $75,754, while on November 6 it reached a high of $76,291 and a low of $74,795.
These levels give us a clear map to monitor, but they don’t confirm that the correction is over.
Conditional spot trade scenario
Entry after breaking above $76,300 and holding above it
First target: $77,345
Second target: $77,965
Set the stop-loss below the confirmed retest low.
The targets are historical price zones the market reached on November 3, not guaranteed forecasts. It’s preferable to wait for an hourly candle to close above resistance, accompanied by improving trading volume. A break below $74,795 could indicate that selling pressure is continuing.
Do you expect Bitcoin to reclaim the $80,000 level soon, or does the market need further correction?
