Bitcoin's Third Attempt to Break All-Time High

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Bitcoin's Third Attempt to Break All-Time HighBitcoinCRYPTO:BTCUSDchrisnew3525Bitcoin has tried breaking its all-time high twice already. The first time, it reached a Measured Move target but pulled back to the previous High. The second attempt pushed to the all-time high but failed to hold (false breakout). Now Bitcoin is making its third attempt. Here's my strategy: If BTC retraces to the 50% level, I'm planning to enter a long position: - Take Profit Target: $176,000 - Stop Loss: $108,600 However, if this third attempt fails to break higher and hit my SL, I expect Bitcoin to drop significantly, potentially down to $70,000. At that point, forget BTC. This is a high-risk, high-reward setup. Third attempts often either break through strongly or reject hard. I am watching the 50% retracement level closely for entry timing.