Bitcoin's Next Move: Breaking Through Resistance

TLDRBitcoin is currently in the third wave of its structure, with a target of 68.5k. It may continue to climb towards all-time highs, but a pullback is possible. The trend is bullish, and it's wise to hold a core position.

Key insights

📈Bitcoin is in the third wave of its structure, potentially heading towards all-time highs.

💹The target for this wave is 68.5k, with the possibility of going higher.

💰It's recommended to hold a core position and take profits from short-term positions.

📉A pullback is still possible, with support levels at 64,500 and 61,370.

🤔There are still some uncertainties, but the overall trend is bullish.

Q&A

What is the target for Bitcoin's third wave?

The target for Bitcoin's third wave is 68.5k, with the possibility of going even higher.

Should I continue to hold my Bitcoin?

It's recommended to hold a core position and consider taking profits from short-term positions.

What are the support levels to watch for?

The support levels to watch for are 64,500 and 61,370.

Is a pullback expected?

Yes, a pullback is still possible, but the overall trend is bullish.

What if the price breaks below 64,500?

If the price breaks below 64,500, the next support level to watch for is 61,370.

Timestamped Summary

00:00Bitcoin is currently in the third wave of its structure, with a target of 68.5k.

02:40A pullback is still possible, with support levels at 64,500 and 61,370.

04:40It's recommended to hold a core position and take profits from short-term positions.

06:40The next upside targets are clear, with the relevant support level being above 64,500.

08:55The trend is bullish, but uncertainties still exist.