BTCUSDT Potential Up trend continuation

Oct 7, 2024

Last week, BTCUSDT bounced off resistance and dipped to retest the psychological support level at 60,000. After the retest, the price rebounded and broke above the 62,500 level, which had been tested and respected five times in the past. The recent bullish candle further underscores the strength of this level, breaking through it with momentum. On the daily timeframe, the formation of higher lows and higher closes indicates a bullish sentiment. If the support holds, there is a strong chance the price may retest the recent resistance zone. The target is the resistance zone around 65,500

Oct 16, 2024

Trade closed: target reached

Target reached! Price increased over 4% since the analysis was published