Bitcoin to $71K?

In today's post, I will analyze BTC/USDT across a one-day time period and provide my thoughts, opinions, and analysis of Bitcoin's next move.

The last time I made the pattern, as you can see, I created a video of two lines forming a support and resistance line.

I further stated that in the event of war tensions,

We will see the price of Bitcoin around $55,000, and if the war does not occur, we will witness a strong upward momentum.

Also, I added a line above $66,000 in case BTC turns bullish and the candle closes above this level.

Bitcoin is currently trading above this level, which indicates well for its future move and for the next target.

We need two or three more candles to hold above this line, and then I believe that Bitcoin's price will reach $71K, our next target.

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The next target is $71K if Bitcoin forms two or more candles on the daily time period.

We need to keep above the $66K resistance level.

This resistance level is critical for Bitcoin to overcome in order to maintain its bullish momentum.

Right now, the price of Bitcoin is 68,117, which is a strong indication for Bitcoin. If we see two or three more candles above this line, our next objective will be 71,400, followed by $71K, $72K, and $74K, which is our all-time high.

So, right now, the scenario is that Bitcoin is highly positive, and the price of Bitcoin will reach 71,000 very soon.

The only thing we need to remember is that we need a good closing over $66,000.

Okay, so what about another scenario?

If Israel attacks Iran, it will not happen, and we will certainly return to 62,000 or 60,000, which is our other major support.

These are the situations that must be considered in order to determine the future direction of Bitcoin.

On weekends, the market will remain quiet, and Bitcoin will be in a consolidation period. Monday will be an unstable day, and we will undoubtedly swing to either side.

I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.

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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.

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