73,000 or thereabouts is the breakout level of the weekly cup and handle which started forming way back in 2022.
Now price is inside the last 10% to this neckline breakout point, and if this week, so far is any type of gauge, then its expected to get to this level of around 73,000 easily in under a week, or how about by this Friday.
* Trading is risky. For cryptocurrency educational purposes.
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A trade idea for Bitcoin BTCUSD (Longer term)
Buy BTCUSD at current price 66,330 up to 68,000 for a longer term purchase.
Stop Loss is 59,800. A level that is under the 200EMA Daily.
TP > 100,000. Partial from 85,000.
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Supportive of idea , follow chart with price recently making a 38.2% Fib retracement pullback.
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Momentum technicals are aligned, for example MACD is bullishly crossing up on Signal-line on the 1HR timeframe and there is the same alignment coming from 2HR, 4HR, Daily and Weekly, Monthly.