FX.co ★ teagan.orn | #Bitcoin chart analysis

Regarding Bitcoin yesterday, after a slight pullback, the price reversed and was pushed upwards by a strong bullish impulse, resulting in the formation of a full north candle that managed to close above the previous day's high. Given the current situation, I fully consider that today, after the completion of a minor pullback, the northward movement may continue. In this case, as I have mentioned before, I plan to keep an eye on the resistance level located at 73757. Near this resistance level, two scenarios may unfold. The first scenario involves the price consolidating above this level and further moving upwards. If this plan is executed, I will wait for the price to advance towards the resistance level at 80000. At this resistance level, I will wait for a trading setup to form, which will help determine the further trading direction. Of course, there is a possibility of reaching a higher north target, which, according to my analysis, is at 90000. However, the situation needs to be monitored, and everything will depend on the news flow during the price movement and how the price reacts to the designated higher north targets. An alternative scenario for the price movement when approaching the resistance level at 73757 would be a plan involving the formation of a reversal candle and a resumption of the southward movement within the overall sideways range. If this plan is executed, I will wait for another price retracement to the support level at 60794 or to the support level at 59200. Near these support levels, I will continue to search for bullish signals, expecting the price movement to recover upwards. In general, if to put it briefly, I consider it quite possible that today the price will move towards testing the nearest resistance level, and then I will adjust my strategy based on the market conditions.