Bitcoin 1H · $79,260.67 next

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Bitcoin 1H · $79,260.67 nextBitcoin / TetherUSBINANCE:BTCUSDTMasterAnandaBTCUSDT 1H so far finds support above $70,000, at EMA377 and Fib. extension level of 0.618. The chart shows room for higher prices. Classic price fluctuations are present on the chart on the way up. The challenge of resistance led to a retrace, the same as 13-March, 10-March and 4-March. Bitcoin is moving within an ascending channel. Retraces are a healthy part of a rising trend and should be ignored as market noise or used as an opportunity to rebuy for those taking profits or as a 2nd entry opportunity for this missing the initial wave. The next target on the 1H timeframe, short-term, now matches the level expected to be hit mid-term. Around $79,000 to $80,000. This target is expected to hit within days as a continuation of the long established bullish recovery phase. After the next target is hit, the ensuing retrace can find support around 74-76,000. Thank you for reading. Namaste.