11.6 Bitcoin Witnesses History! A Surge Has Occurred!
Bitcoin is witnessing history, and after today's daily closing, Bitcoin has begun to show a surge trend. As of now, the Bitcoin price has reached a peak of 75,000. This wave of market movement has come too quickly; just a few days ago, Bitcoin's price had been experiencing a continuous decline. Today's surge has directly recovered the losses of six consecutive daily candles.
To be honest, this surge has been incredibly strong. Our member community also got on board yesterday when Bitcoin retraced, directly making a profit of 5,500 points. We mentioned in our article on November 4th that Bitcoin was likely to attempt to break through the historical high again this week. Whether it can break through remains uncertain, but the rebounds in between are our profit points.
In yesterday's article analysis, we saw that Bitcoin continued to retrace and suggested waiting for the daily line to stabilize first, as there had already been six consecutive bearish candles. It was a more prudent suggestion to wait for Bitcoin to close a strong bullish candle on the daily line before proceeding.
In fact, one can also see on the charts that Bitcoin only erupted into a very rapid rise after closing the daily line yesterday morning; however, the speed was still too fast, and perhaps everyone did not realize it or remember my viewpoint.
Now Bitcoin has reached a new historical high, but from a larger perspective, it is still just a slight breakthrough of the previous high, which could potentially turn into a false breakout. Therefore, it is crucial for Bitcoin's price to continue breaking through to higher levels or stabilize at high positions of 74,000 to 75,000, as this would provide the next opportunity for a bullish trend!
