$BTC Target Hit — $78,760 Still Holds the Key
As expected, Bitcoin reacted strongly from the lower trendline of the Ascending Channel and rallied into the Cumulative Short Liquidation Leverage at $80,530–$80,770, successfully reaching the target.
The focus now shifts back to the crucial $78,760 trading level.
As long as BTC continues to trade above this level, the short-term bullish structure remains intact and another upward move remains possible.
A breakdown below $78,760, however, would weaken the current bullish scenario and require a fresh reassessment of the structure.
I hope you were able to take advantage of the previous analysis and secure some profits.
Will Bitcoin defend $78,760 and make another push higher?
#bitcoin
As expected, Bitcoin reacted strongly from the lower trendline of the Ascending Channel and rallied into the Cumulative Short Liquidation Leverage at $80,530–$80,770, successfully reaching the target.
The focus now shifts back to the crucial $78,760 trading level.
As long as BTC continues to trade above this level, the short-term bullish structure remains intact and another upward move remains possible.
A breakdown below $78,760, however, would weaken the current bullish scenario and require a fresh reassessment of the structure.
I hope you were able to take advantage of the previous analysis and secure some profits.
Will Bitcoin defend $78,760 and make another push higher?
#bitcoin
