Bitcoin - Hit Previous All Time High at 69,000

BTCUSD Weekly Chart

On Feb 16, 2024, I wrote BTCUSD could stall after it reached its resistance at 52,099. Link shown below.

https://swingtrader188.blogspot.com/2024/02/bitcoin-hit-resistance-at-52099.html

After stalling at its resistance at 52,099 for a week, BTCUSD moved higher to hit its previous all time high at 69,000 but closed the week with a spinning top candle pattern. This suggests BTCUSD could stall again. What's next for BTCUSD? The pause for profit taking took only 1 week last time round. If you believe in the rule of alternation, this time the correction could be longer and deeper.

Disclaimer: 

Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and any information presented in this blog.