Bitcoin cryptocurrency be expected to rise further toward the next resistance level 64000.00.
– Bitcoin broke round resistance level 60000.00
– Likely to rise to resistance level 64000.00
Bitcoin cryptocurrency recently broke above the strong resistance area located between the round resistance level 60000.00 (which also stopped the previous short-term wave a earlier this month, as can be seen from the daily Bitcoin chart below) and the 38.2% Fibonacci correction of the downward ABC wave ii from the end of August. The breakout of this resistance area continues the active short-term ABC correction ii from the start of September.
Given the strongly bullish sentiment that can be seen across the cryptocurrency markets today, Bitcoin currency pair be expected to rise further toward the next resistance level 64000.00 (which stopped the previous minor impulse wave i at the end of August).
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