BTC: Alessandro Ottaviani: Bitcoin is closer to $1 million than
Bitcoin faces resistance at $2,000
Whether buyers will maintain the bullish momentum, pushing Bitcoin to key resistance levels at $30,000 and $32,000 in the near term remains to be seen. Looking at the candlestick arrangement in the daily chart, swing traders can consider a retest of the October 16 high as the first target. Further trend continuation could lift BTC to its July 2023 high at $32,000, potentially opening up more opportunities for gains above $35,000.
Whether buyers will maintain the bullish momentum, pushing Bitcoin to key resistance levels at $30,000 and $32,000 in the near term remains to be seen. Looking at the candlestick arrangement in the daily chart, swing traders can consider a retest of the October 16 high as the first target. Further trend continuation could lift BTC to its July 2023 high at $32,000, potentially opening up more opportunities for gains above $35,000.
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