BTCUSD: Still Heading for 61165

Despite some end-of-month volatility for Bitcoin, I still think we’re heading for the 61165 area.

The monthly chart closed bullish, and the 3-day cande broke the down trend by closing above 57207:

BTCUSD 3-Day Down Trend Break
BTCUSD 3-Day Down Trend Break

The 1-day chart painted a bullish/doji candle and the 12-hour held support to continue the up trend:

12-Hour Bull Trend Intact
12-Hour Bull Trend Intact

Even the 4-hour chart is holding support levels. So, unless anything changes, I still like my original target of 61165.

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