Overall Trend: Long-Term trend is bullish forming a cup and handle pattern. This is a bullish continuation pattern.
Key Resistance: $65,462
Support Levels: $37,287 and $15,804
Election Influence:
The US Elections on November 4, 2024 will have major influence on the crypto market. "Best case scenario" for Bitcoin would be a Trump victory. Which means huge cashflow into BTC and bullish moves.
Bullish Target:
If the bullish momentum continues and Bitcoin breaks above $65,462, the next target would be all time high. However, BTC has potential to record a new high and reach $106,797.
Below are the mid term and short analysis:
Short Term:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.