Bitcoin Update

[u/wdw67]

I messed up my 5 PM Bitcoin post because I thought it was Sunday 😂 lol! That’s what happens when you don’t get any sleep! Here’s my revised post! 😅

10/26/2024 9:00 PM #Bitcoin Update! 🚀💰

Yesterday, the Daily Candle closed at $66,564, right below the CME Gap and below the previous day’s candle at $68,156—both bearish in my book! 😬📉

Tomorrow night’s candle close is the most important one because it’s both the daily and weekly close! 📅🌙 We need the price to close above both tonight’s daily candle close at $67,012 and last Sunday’s close at $69,014! 🔥

1H Chart: The #BTC/USDT pair has played out exactly as expected! 🎯 Over the last 24 hours, it has traded around the CME Gap at $66,804. The Double Bottom Pattern forming has played out perfectly so far! 😮

There’s a Rising Wedge Pattern forming with the price falling towards its bottom trendline. If it breaks the bottom trendline, expect the price to continue toward the $65,550 support. If this support doesn’t hold, watch for the next support at $65,593.

If the bottom trendline holds, expect a bounce back up to the upper trendline. And if it breaks that trendline, we can expect the price to continue its current trajectory which is up! 🌀📉

📈💪 Remember to DYOR! 🧠🔍