bullish

Bitcoin

Resistance

<ul class="wp-block-list">
 <li>Bitcoin breaks out, aiming for $88,000 – $90,000 after months of consolidation.</li>  
 <li>Key resistance points lie at $71,500 and $72,000</li>  
 <li>Immediate support levels include $68,200 and $67,500 for potential corrections.</li> 
</ul>  
<p><a href="https://cryptonewsland.com/bitcoin-prepares-for-major-pump-into-new-ath/" rel="noopener noreferrer nofollow">Bitcoin has finally broken free</a> after eight months of consolidation, sending a strong signal to traders. The recent move above $66,500 reveals a bullish breakout, aiming toward a midterm target of $88,000 – $90,000. Here’s a closer look at this action-packed rally and the key levels investors are tracking in this breakout.</p>  
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<h2 class="wp-block-heading" id="h-pushing-through-resistance-levels">Pushing Through Resistance Levels</h2>  
<p>With <a href="https://cryptonewsland.com/btc-bull-pennant-and-momentum-build/" rel="noopener noreferrer nofollow">Bitcoin's recent surge</a> above $67,000 and $68,000, momentum is building. The cryptocurrency cleared a significant trend line around $68,100 on the 4-hour chart, moving past both the 100 and 200 simple moving averages.</p>  
<p>This strong push also moved Bitcoin above the critical 76.4% Fibonacci retracement level, further reinforcing a bullish sentiment among traders. At this pace, Bitcoin’s next major test lies around $71,500, followed by the critical $72,000 mark.</p>  
<p>A successful close above $72,000 could open the floodgates to new highs. Such a move would likely send <a href="https://bitcoin.org/" rel="noopener noreferrer nofollow">Bitcoin</a> towards $73,000 and beyond, possibly setting a new all-time record.</p>  
<h2 class="wp-block-heading" id="h-key-supports-and-possible-corrections">Key Supports and Possible Corrections</h2>  
<p>While Bitcoin’s bullish signals are strong, support levels will play a crucial role in shaping its short-term movements. Immediate support sits near $68,200, providing a solid floor for traders. If Bitcoin slips below this, the next significant support appears around $67,500.</p>  
<p>Any drop under these points could push Bitcoin back toward $66,500, a level traders are closely watching. In case of continued <a href="https://trakx.io/resources/insights/momentum-trading-in-cryptocurrencies-guide/" rel="noopener noreferrer nofollow">downward momentum</a>, $65,500 serves as a final safety net, beyond which larger corrections may occur.</p>  
<p>On a midterm scale, Bitcoin’s broadening wedge breakout holds the potential to drive it toward the anticipated $88,000 – $90,000 range, especially if buying pressure remains strong. Cautious yet hopeful, investors track Bitcoin’s progress, eager to see if it reaches this next milestone.</p>   
<p>The post <a href="https://cryptonewsland.com/broadening-wedge-points-to-88000/" rel="noopener noreferrer nofollow">BTC Breakout Alert: Broadening Wedge Points to $88,000 – $90,000 Midterm Highs</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

BTC Breakout Alert: Broadening Wedge Points to $88,000 – $90,000 Midterm Highs

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