Given the strength of the support level 65000.00, Bitcoin cryptocurrency can be expected to rise to the next resistance level 75000.00 (top of wave a from last month coinciding with the daily down channel from October).
- Bitcoin recently reversed from support area
- Likely to rise to resistance level 75000.00
Bitcoin cryptocurrency recently reversed from the support area between the strong support level 65000.00 (which has been repeatedly reversing the price from the start of February, as can be seen from the daily Bitcoin chart below) and the lower daily Bollinger Band. The upward reversal from this support area stopped the previous short-term correction b, which belongs to the intermediate corrective wave 2 from the start of February.
Given the strength of the support level 65000.00, Bitcoin cryptocurrency can be expected to rise to the next resistance level 75000.00 (top of wave a from last month coinciding with the daily down channel from October).
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