Given the strongly bullish sentiment seen across the crypto markets today, Bitcoin cryptocurrency can be expected to rise to the next resistance level 86000.00.
- Bitcoin breaks resistance level 82000.00
- Likely to rise to resistance level 86000.00
Bitcoin cryptocurrency continues to rise sharply after the price broke above the key resistance level 82000.00 (which has been reversing the price from the start of May, as can be seen from the Bitcoin chart below). The breakout of the resistance level 82000.00 accelerated the active intermediate impulse wave (3) – which started earlier from the key support level 76000.00 (which stopped earlier waves 4, A and C, as can be seen below). The active impulse wave (3) also previously broke the daily down channel from the start of September – which accelerated Bitcoin’s price up.
Given the clear daily uptrend and the strongly bullish sentiment seen across the crypto markets today, Bitcoin cryptocurrency can be expected to rise to the next resistance level 86000.00.
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