BTCUSD: $69000 for the next Channel Up High.

27 set 2024

Bitcoin is on excellent bullish levels on its 1D technical outlook (RSI = 66.493, MACD = 1450.700, ADX = 46.244) as it is extending a Channel Up since the Sep 6th low. The 4H MA50 has supported three times with the latest being just yesterday (Sep 26th). The two before initiated bullish waves of +9.06% and +11.39%. For as long as the 4H MA50 supports, we expect this Channel Up to test the top of the six month Channel Down (TP = 69,000).

See how our prior idea has worked out:

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