Bitcoin 80000 Very Soon
The support of $56000 (coinciding with the 0.618 Fibonacci level) reached in April has proven to be solid and at this moment Bitcoin is aggressively attacking a dynamic resistance created by its historical high of $74000 which meets other peaks previously created around the price of $72000.
At this moment in the OrderBook there is considerable liquidity at the $72,000 level, approximately 3,000 Bitcoins. Subsequently it is possible to still notice a lot of liquidity in the immediately following levels, an indication of stop liquidity probably for Long orders.
There currently appears to be no liquidity near the all-time high of $74,000.
Personally, I remain bullish in the very short term and, as indicated by the Fibonacci extension plotted on the chart, Bitcoin's next target is $80,000
At this moment in the OrderBook there is considerable liquidity at the $72,000 level, approximately 3,000 Bitcoins. Subsequently it is possible to still notice a lot of liquidity in the immediately following levels, an indication of stop liquidity probably for Long orders.
There currently appears to be no liquidity near the all-time high of $74,000.
Personally, I remain bullish in the very short term and, as indicated by the Fibonacci extension plotted on the chart, Bitcoin's next target is $80,000
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