The chart displays Bitcoin's price action (BTC/USD) over a weekly timeframe, suggesting a large channel BO.
Key insights:
1. **Resistance Zone**: Around ~$65,000, which acted as a historical peak during earlier bull runs. 2. **Breakout Target**: - The measured move of ~$54,840.25 (approximately a 72.17% rise post-breakout) suggests a price target near **$131,176.66**. 3. **Volume**: Noticeable increase in volume during the breakout, signaling strong buying momentum. 4. **Current Price**: Bitcoin is trading near ~$107,367.64, consolidating above the breakout resistance.
The chart anticipates a bullish continuation toward the projected target (~$131,000) if the breakout holds, in line with historical price structure.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.