On November 4th, Bitcoin (BTCUSD) successfully tested trendline support at $66,783.77, followed by a decisive breakout above resistance at $68,800 on November 5th. This surge propelled BTCUSD to a new all-time high (ATH) in the $75,000 area.
Consolidation and Continuation
From November 6th to 9th, BTCUSD consolidated sideways before resuming its upward trajectory. The new bullish support trendline at $76,509.56 remained intact, providing a springboard for further gains.
Key Breakout and New ATH
BTCUSD breached resistance at $78,210, skyrocketing past $80,000 to establish a fresh ATH at $81,111.
Technical Outlook
- Support Zones: $79,250 and $77,312.17
- Resistance Zones: $80,137.69 and $81,111 (new ATH)
- Bullish momentum intact
Recommendation
Maintain long positions, targeting further upside.
Caution
- Monitor for potential pullbacks
- Adjust strategies according to market conditions
BTCUSD: Bullish breakout above $68,800. New ATH at $81,111. Support zones: $79,250, $77,312.17. Resistance: $80,137.69.
Consolidation and Continuation
From November 6th to 9th, BTCUSD consolidated sideways before resuming its upward trajectory. The new bullish support trendline at $76,509.56 remained intact, providing a springboard for further gains.
Key Breakout and New ATH
BTCUSD breached resistance at $78,210, skyrocketing past $80,000 to establish a fresh ATH at $81,111.
Technical Outlook
- Support Zones: $79,250 and $77,312.17
- Resistance Zones: $80,137.69 and $81,111 (new ATH)
- Bullish momentum intact
Recommendation
Maintain long positions, targeting further upside.
Caution
- Monitor for potential pullbacks
- Adjust strategies according to market conditions
BTCUSD: Bullish breakout above $68,800. New ATH at $81,111. Support zones: $79,250, $77,312.17. Resistance: $80,137.69.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.