BTC has broken through the downward wedge that has been there for more than half a year. The $70,000 pressure level has turned into an advantageous support level. At the same time, the bulls are hitting the previous high of $73,700. The market is a bit confusing. Only Bitcoin is rising, and other currencies are almost not following the rise. In addition, the US election on November 5 has added a lot of uncertainty to the future market. Therefore, today's analysis still cannot predict the future market direction. We can only provide some points for your reference:
If the previous high is broken, Bitcoin will rise to $76,000 and $80,000.
If the breakthrough fails, it will fall back to the $70,000 and $65,000 support again.
