8.20 Bitcoin makes a strong comeback, rising by 6,000 points in one night, with a bullish outlook for the future.

CN
5 hours ago

The bull market has returned, and the price of Bitcoin surged wildly yesterday, breaking through the 70,000 mark, rising more than 6,000 points in a single day. It's terrifying. Judging by years of experience, since the price has reached this point, there will still be momentum for further increases.

Looking at the weekly level candlestick chart showing a strong bullish candle, directly breaking through the middle track test pressure, converting support points, and showing a bullish volume increase, along with technical indicators having a golden cross pointing upwards, the overall performance is strong. Therefore, a slight pullback in the current situation can be seen as a buying opportunity. The market signals indicate a likelihood of reaching 80,000.

It is recommended to look for bullish trends in the 69,300-69,000 zone, targeting 72,000-75,000-80,000 levels. The upward trend is the main trend for the future, and these levels are for reference only.

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