Bitcoin Surge Continues! TP 3 Hit, Eyeing TP 4 Next!

Oct 24

BITCOIN (BTCUSDT) 4H time frame Technical Analysis:

Bitcoin (BTCUSDT) on the 4-hour timeframe shows a solid long trade with momentum intact. Price action has followed the upward curve supported by the Risological dotted trendline, providing a strong bullish foundation for the current rally.

Key Levels:

• Entry: 61,732.3
  
• Stop Loss (SL): 60,316.2
  
• Target 1 (TP1): 63,482.7 ✅ (Hit!)
  
• Target 2 (TP2): 66,315.0 ✅ (Hit!)
  
• Target 3 (TP3): 69,147.4 ✅ (Hit!)
  
• Target 4 (TP4): 70,897.7
  

Observations:
Bitcoin has already smashed through TP3, riding the wave of bullish momentum.
The Risological dotted trendline is acting as strong support, indicating that TP4 is highly within reach.

With TP3 completed, Bitcoin continues its bullish momentum. Keep an eye on the final resistance at TP4, as the price is showing no signs of slowing down!