Bitcoin is trending for a bullish weekly candle close. This whole week seemed boring with a lot of downside, but Bitcoin is successfully retesting the bull flag resistance level, flipping it into support. I think we can see a lot of upside over the next few weeks. The Israel-Iran tensions should be something important to pay attention to throughout the bull run. I think the tensions could escalate after the US election, and we can still see a red month in Nov or Dec. For now I’m bullish, if any war event occurs the best way to capitalize on a selloff is to sell and buy back lower to accumulate more crypto. If you’re new and don’t have the confidence to trade then there is nothing wrong with just holding. The best part of the bull run would occur in 2025, but can see some nice upside in Q4 to start things off and a lot of upside in Q1 of 2025.
Bitcoin is starting to show some bullishness early in the week, and is already trading above $69k. I think BTC has formed a bullish breakout and successful retest of the bull flag resistance level. It seems like only a matter of time before BTC reaches new all time highs above $73.7k. I also think BTC is outperforming Altcoins at the moment.
Bitcoin is approaching $70k, the crypto market is going to go crazy once BTC surpasses $70k.
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