Bitcoin hit $68k in the moment today.🚨🚨 It tried to make a fourth approach to the global trendline. 🚀🚀Buyers' chances of success are growing, as the probability of the price leaving the six-month range increases with each attempt.
Before I begin...👇
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🔤 The market's confidence is added by the fact that on the weekly timeframe we see a real price deceleration and attempts to change the descending structure, which lasted since April.
⚠️Now it is important to consolidate above the $65k mark and, of course, break ALL TIME HIGH of the previous attempt.
Next, two control zones that I would like to point out, after breaking which we may see price acceleration are $68k and $70k.
The first zone is the trendline and the second zone is the top of the previous high (ATH).
🔖 In addition, BlackRock is trying to add positivity again. BlackRock CEO Larry Fink spoke out about cryptocurrencies in a third quarter report. He wrote that it doesn't matter who wins the U.S. election: adoption of digital assets will grow.
He also compared cryptocurrencies to the birth of the mortgage market - things developed slowly at first, but acceptance gradually grew.
❓ Do we believe in the beginning of a bullish trend in the winter?
🔥 - Yes 🐳 - No
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