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kyer
Nov 3, 2021 6:55 PM

BTCUSD November Price Targets Long

Bitcoin / U.S. dollarBitstamp

Description

Taking a look at the 4-hour time frame of Bitcoin, that hammer candlestick looks very bullish as we backtested the $59,800 & $61,115 support level and are about to print upwards. This was painting the bottom wick of the monthly candle and Bitcoin is looking like its about to turn this $63,564 - $64,581 resistance level into support.

This month of November is looking very good as we are going to approach new all-time-highs with the price target of $77,219 in mind to complete the Fibonacci Extension.

TP1 🎯 $68,361.69 (3.618 Fib)
TP2 🎯 $77,219 (4.236 FIb)
Comments
hamidreza_FX
thanks for sharing your idea ❤️
kyer
@hamidreza_FX, No problem thanks for viewing!
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