Krutika Adani
Bitcoin has formed a bullish trend reversal pattern called “Falling Wedge” on its 4-hour charts.
The pattern indicates that Bitcoin might soon break its $70k resistance to create a new ATH in the next few weeks.
However, for Bitcoin to achieve higher targets, the crypto market volatility must end which is expected to happen by the first week of November, i.e., after the US elections.
Volatility remains the sole threat to Bitcoin as different kinds of investors try to speculate about its price behavior post the US elections.
Bitcoin seems bullish enough to cross $65k soon and once it does, it might move towards its next target of $70k.