Bitcoin Forecast for the coming week

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Bitcoin is experiencing resistance on the weekly trendline causing a slowdown on it's rally completing a five wave move on a lower degree that will serve as a first wave of a potential 3rd wave extension for the miniscule count, market might squeeze some early short positions on current price up to 70k-ish price level and develop the bearish divergence on 4H time frame which then would proceed to a retracement towards 65k-ish levels. Another scenario would be the market pushes it's rally towards 78k - 80k levels without any retracement and from there make a sideways move.

١٥ نوفمبر ٢٠٢٤

أغلقت الصفقة: تم الوصول للهدف

Great retest made before surging towards targets. Congratulations!