Top Bitcoin Analyst Outlines Clear Path for BTC to Reach New All-Time High: Only Two Resistances Remain

According to a prominent Bitcoin analyst known as World Of Charts (@WorldOfCharts1), the world's largest cryptocurrency is poised for a significant rally

A prominent Bitcoin analyst, known as World Of Charts (@WorldOfCharts1), has shared a technical analysis chart that outlines the remaining obstacles BTC needs to overcome before reaching new all-time highs. According to the analysis, Bitcoin has recently broken out of a falling wedge pattern, a bullish technical formation that often signals a trend reversal. The analyst suggests that if Bitcoin successfully retests the broken wedge resistance, it could pave the way for a move towards the $67,000 to $68,000 range.

However, the journey to new all-time highs is not without its challenges. According to the analyst, once Bitcoin reaches the $67,000 to $68,000 area, it will face another crucial resistance level in the form of a descending trendline. This trendline has acted as a significant barrier, preventing Bitcoin from breaking out to higher price levels in the past.

If Bitcoin manages to clear the descending trendline successfully, World Of Charts believes that the path to a new all-time high would be wide open. The analyst’s analysis suggests that overcoming these two remaining resistance levels could potentially unleash a bullish momentum that propels Bitcoin to unprecedented price heights.

News source：https://www.kdj.com/cryptocurrencies-news/articles/top-bitcoin-analyst-outlines-path-btc-reach-time-resistances-remain.html

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