Crypto Daily – The pair is currently holding above $63,500. The next step for the bulls is to push the price above $65,050, which would be an all-important higher high, and would officially break the current downtrend. Is this the first stage in Bitcoin’s drive towards its all-time high?
Momentum is pushing Bitcoin higher
Source: TradingView
The $BTC price is potentially about to crack open the door that will lead to the next higher high, and the path towards the top of the bull flag. Not far above this is the prize of surpassing the all-time high at $73,800.
Despite threatening to drop out of the ascending channel earlier on Thursday, the bulls gathered to push the price back inside, and now the $BTC price looks to be forcing its way through the resistance at $63,600.
Should it be successful, and confirm above, the higher high at $65,050 will be in its sights.
In all likelihood, this can be the time for the $BTC price to push on upwards….
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