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The crypto market ended the day bullish today, extending the bull run we have been in ever since the Bitcoin price broke through the $42k key level on the 4-hour timeframe.
And right now, the Bitcoin price is playing out exactly to our bullish prediction, surging higher to our $60k bullish target. Bitcoin 35% Rally Has Started! Price To $60K?
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More Bullish Confirmation!
Bitcoin is providing more bullish confirmation for us on the 15 minutes timeframe. We can clearly see the higher-low structures forming on the price chart as the Bitcoin price continues to rally higher.
If this bullish rally continues, we can expect the Bitcoin price to break through the $46,800 previous high in no time.
The Bitcoin Key Support!
The Key support we are still watching is the $42,411 key level. As far as the Bitcoin price continues to trade above this support, we can expect the Bitcoin bullish trend to continue.
However, if Bitcoin wants to remain bullish for the rest of the week, the price must continue to trade above the $44,722 higher-low structure. This horizontal support is very important for what Bitcoin would do in the 24 hours.
If the price continues to trade above this support, we can expect to see the Bitcoin bull run extend to tommorow. However, a break of this price structure would only see price selling off back down to the $42k support region again.
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