BITCOIN heading for a new record high

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The cryptocurrency is on the verge of surpassing the record highs recorded last April around 65,500 dollars.

A daily close above $65,520 would leave the cryptocurrency in an absolute free rise phase, a scenario prone to develop a large structural leg whose maximum bullish projection (upside breakout of the 65,500-29,300 sideways range) could take it to the vicinity of the important psychological level of $100,000. Any correction that does not involve the loss of $45,300 should be considered as a healthy oscillator regulation in search of new highs.

Pro1 PREMIUM Portfolio

Resistances: $65.520.

Supports: $57.000, $45.300, $40.200.

Targets: (Bullish) $65.500, $72.000, $80.000.

Trend structure in SANTANDER:

  • Short term: Bullish.
  • Medium term: Bullish.
  • Long term: Bullish.

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