Bitcoin cryptocurrency be expected to rise to the next resistance level 85000.00 (former strong support from November and December).
- Bitcoin broke the round resistance level 80000.00
- Likely to rise to resistance level 85000.00
Bitcoin cryptocurrency rising strongly after breaking the resistance area between the round resistance level 80000.00 (which reversed the price multiple times at the end of April, as can be seen from the daily Bitcoin chart below), resistance trendline from January, upper trendline of the daily up channel from February and the 50% Fibonacci correction of the downward impulse from the start of this year. The breakout of this resistance area continues the active short-term impulse wave 1 – which belongs to the strong intermediate impulse wave (C) from the end of March.
Given the improved sentiment that can be seen across the cryptocurrency markets today, Bitcoin cryptocurrency be expected to rise to the next resistance level 85000.00 (former strong support from November and December).
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