Bitcoin Short-Term Outlook: Watching Key Levels
Bitcoin Short-Term Outlook: Watching Key Levels
Since March 26, Bitcoin has been consolidating in a range. A closer hourly analysis shows the formation of an ascending wedge, broken at $70,000. Following this breakout, the price dropped to $68,000 before rising again to retest $67,000 or $62000. This price action is very important. If Bitcoin fails to clear $70,200 and sustains a three-hour candle above this level, it signals potential future growth.
Since March 26, Bitcoin has been consolidating in a range. A closer hourly analysis shows the formation of an ascending wedge, broken at $70,000. Following this breakout, the price dropped to $68,000 before rising again to retest $67,000 or $62000. This price action is very important. If Bitcoin fails to clear $70,200 and sustains a three-hour candle above this level, it signals potential future growth.
Yorum:
Yorum:
The price has followed option 2
Yorum:
Yorum:
Yorum:
BTC returns to OB and then back up
