After range trading for approximately 3 weeks, the breakout in BTC came faster than we anticipated. The October rally took BTC to an all-time high of $67,000. Following a slight reversal, it plunged to $58,000 and rose back to $60,000 again. We highlighted a flag pattern forming last week and with today’s move above $64,400, the breakout is in place. If it holds, the pair could soar above the EMA towards $80,000. Support can be found near the previous resistance of $64,000 at fib 0.5
