Bitcoin cryptocurrency be expected to rise further toward the next resistance level 68300,00.
– Bitcoin broke resistance level 64000.00
– Likely to rise to resistance level 68300,00
Bitcoin cryptocurrency continues to rise after the price recently broke above the key resistance level 64000.00 (which stopped the previous impulse wave 1, as you can see from the daily Bitcoin chart below). The breakout of this resistance level accelerated the active minor impulse wave iii, which belongs to the higher order impulse sequence 3 from the start of September. The active impulse wave 3 belongs to the intermediate impulse wave (C) from the start of August.
Given the strength of the active impulse waves 3 and (3), Bitcoin cryptocurrency be expected to rise further toward the next resistance level 68300,00 (target price for the completion of the active minor impulse wave 3, coinciding with the resistance trendline of the daily down channel from the start of March).
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