₿eef & ₿itcoin
203 posts




















Beautiful breakout above $71.8k by $BTC Daily candle needs to close above to ensure this is going to hold, but assuming it does: The shaded areas ("Target 1 & 2") are the two major resistance levels I see as realistic targets for BTC to reach in the coming few weeks. My guess is $79k-$81k is roughly where we might get to. I base this on the overhead resistance levels as well as the size/duration of the base that was formed (white rectangle breakout). The range was about $9.2k for the white rectangle, so adding that to the point of breakout gives us approximately $81k as a target. (see blue measured areas) I would not expect any higher than this, as this is very likely to be a *relief rally* in the context of a bear market. Once the rally is done with, it's likely to resume the broader downward trend. Plan accordingly. If you are holding onto alts, this rally is where you may consider to scrape together what's left and make an exit.



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