The cryptocurrency market is buzzing with excitement as Bitcoin (BTC) has reached an all-time high of $70,000, a significant milestone for the digital currency. This breakthrough has generated a great deal of interest, with many investors experiencing a fear of missing out (FOMO) and eagerly jumping into the market.摘要：$BTCLONGBTChasmadehistorybyhittinganalltimehigh!BTChit$70,000whichisahugephysiologicalnumberEveryoneispumped,jumpingin,FOMOishere…Withalloftheexcitementinthemarket,weallknow$BTCisonlygoinginonedirecti...
As BTC surpasses this key psychological resistance level, it is clear that the only direction it is heading is up. This new territory for BTC has no established ceiling to act as resistance, and as a result, the market is expected to see a significant surge once the all-time high is breached.
Technical analysis may offer limited guidance in this uncharted territory, but past success with Fibonacci analysis suggests that the next significant level for BTC is $77,000, which represents a 10% increase from the entry point. To protect against potential manipulation from large investors (whales), a stop loss (SL) will be set at the entry point following the breakthrough.
With this in mind, it may be a strategic move to open a long position at $70,000 and take profits in increments up to $77,000. This represents an exciting moment for the future of cryptocurrency, as BTC continues to break new ground and reach unprecedented heights.
