Bitcoin (BTCUSD) is now entering strongly bullish territory with prices trading back above EMA10.
In this chart, we are going to be looking at mainly the Fib. levels.
Based on fib. proportions, our next immediate resistance is sitting at $13520. This level coincides with the June 2019 peak at $13764. This price range of $13520 and $13764 becomes the 'LAST BARRIER' for additional and strong bullish action for Bitcoin.
Bitcoin managed to break the February and August highs, coupled with higher lows... All the bearish bias has been removed, if the 'last barrier' is taken out, we can see a massive jump.
The potential targets are marked on the chart with magenta dashed lines, as well as grey and orange dotted lines.
We are looking at 460%+ of potential profits from the current prices to a new $73,853 All-Time High.
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