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Bitcoin Technical Analysis 15 October, 2021

• Bitcoin broke key resistance level 59450,00
• Likely to rise to resistance level 65000,00

Bitcoin cryptocurrency continues to rise inside the intermediate impulse wave (3), which previously broke through the key resistance level 59450,00 (previous top of the weekly correction 2 from May, as can be seen from the weekly Bitcoin chart below) .The breakout of this resistance level strengthened the bullish pressure on Bitcoin – which is currently testing the major round resistance level 60000,00.

Given the strength of the active intermediate impulse wave (3), clear weekly uptrend and the improved risk sentiment seen across the cryptocurrency markets today , Bitcoin cryptocurrency can be expected to rise further toward the next strong resistance level 65000,00 (former all-time high from April).

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