Bitcoin new Support at $36,000 Incoming?

Bitcoin new Support at $36,000 Incoming?

By Aventurine | Crypto Aventurine | 6 Nov 2023


Bitcoin has been forming a rising channel and is fighting with upwards sloping resistance. Will breaking this resistance create a new support at $36,000 that will keep moving higher and higher as bitcoin is moving?

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I drew a possible scenario (the previous one was fulfilled much faster though!) Assuming that Bitcoin is fighting with resistance I expect more squeezy things and rejections just above the break line.   

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When Bitcoin breaks important resistance lines it might also end with volatile pump with some sort of blow of top which means it would look something like this:

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Bitcoin pumping straight up to $45,000 during 1-3 days run! If that was to happen the we can expect this event to occur within 8 days!

 

All The Best,

Aventurine!

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Aventurine
Aventurine

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