Bitcoin Update 30.10.2023
Updated
Bitcoin seems to be at a critical point. I think two scenarios emerge here. If Bitcoin closes hourly candles above $35,000, it will open a bull flag and therefore has the potential to run up to $38,000. However, if Bitcoin is rejected at $35,000, it will retreat to $33,700, and hourly candle closes below this support level will create a Bart pattern, pulling Bitcoin down to $31,000. Since it doesn't matter what I feel or don't feel and the only thing that matters is the critical $35,000 resistance, I think this level should be carefully monitored.
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