Testing the breakout level
If we have a look at the weekly chart of Bitcoin then we see two things: First, we have broken the falling bull flag pattern to the upside and second, we are so far successfully testing the former resistance as a support level (65-66k area). If this level holds until tomorrow then this would be imo very bullish going into the coming week.
We probably won’t see a new ATH within the next few days though, since the US election is shortterm a big driver and it’s not clear yet how it will turn out. Trump is pro Bitcoin, Harris rather sceptical.
My outlook
Anyways, the chart looks very good to me and I am still confident we could see six digit price levels this year, pretty much no matter who is going to move into the White House. People need Bitcoin more than Bitcoin needs certain people, if you know what I mean.
Stay calm and hodl, guys. Bullrun 2.0 is most certainly underway yet.
Congratulations @borsengelaber! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 9500 comments.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts:
Maybe we’d get to the precious ATH or even cross it