OCTOBER 22th, 2024
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⚪️TECHNICAL (DAILY)
The price action of $BTC on the daily timeframe has successfully broken out of the resistance trendline and retested the horizontal support level, which is marked between $66,936 to $65,821.
This retest strengthens the bullish momentum 📈, indicating that the price action could show further upward movement.
As long as the support holds, the breakout and retest signal a continuation of bullish strength, potentially driving the price action higher in the near term 🚀.
⚪️WRAP-UP (VIP)
As expected, the price action on the daily timeframe is currently retesting its horizontal support region, marked between $66,936 to $65,821. Despite the retest, the price action is still exhibiting bullish momentum 📈, indicating that it could target the upper-side liquidity levels in the near future.
If the support holds strong, we can anticipate further upward movement, confirming the continuation of this bullish trend 🔥.
$BTC** DAI