The bitcoin price has broken out, but has still not been able to get above $69,000. Will this lead to a continuance of $BTC’s rollover from the high of $73,800, or can $BTC make a higher high and go on to make a new all-time high?
A higher high is crucial
After a week of either weak, or negative flows from the Spot Bitcoin ETFs, $BTC still managed to break out of its downward channel over the weekend. The next absolute must for the king of the cryptocurrencies is a higher high, as a lower high will mean that $BTC could continue to roll over from its top of $73,800.
Source: Coingecko/Trading View
Looking at the short term time frame of the 4-hour, it can be seen that $BTC broke out of the bullish channel. Currently sat at the resistance at $67,000, a critical juncture has been arrived at.
The price has still not made a higher high, and this resistance will have to be broken if $BTC is to achieve this higher high. The stochastic RSI (momentum indicator) has reached the top
We współpracy z: https://cryptodaily.co.uk/2024/03/bitcoin-btc-price-at-critical-juncture
