CandleFocus Amid Bitcoin Dip, Analyst Insists on $78K as Next Target: Can BTC Reach This Level?
2024-11-01
Author: Content Editor
The crypto market has experienced a significant decline, with Bitcoin revisiting the $69,300 level. The bearish correction began with a double-top pattern near $72,700, and Bitcoin is currently testing a crucial support trendline on the 4-hour chart. Analyst Ali Martinez predicts a potential pullback to $69,000 before a bullish trend towards $78,000. The trend-based Fibonacci levels suggest a potential all-time high near $75,620 and an extended rally towards $82,183.
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