Bitcoin cryptocurrency can be expected to rise further toward the next resistance level 69000.00
– Bitcoin broke major resistance area
– Likely to rise to resistance level 69000.00
Bitcoin cryptocurrency continues to rise strongly after breaking the resistance area located between the round resistance level 60000.00 and the resistance trendline of the sharp daily up channel from the start of this year, as can be seen from the weekly Bitcoin chart below). The breakout of this resistance area accelerated the active short-term impulse wave 3 of the intermediate impulse wave (3) from last year.
Given the sharp weekly and the daily uptrend and the predominantly bullish sentiment that can be seen across the cryptocurrency markets today, Bitcoin cryptocurrency can be expected to rise further toward the next resistance level 69000.00 (former multiyear high from 2021).
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