BITCOIN FAKE BREAKOUT ON SUPPORT, WHAT'S NEXT?🚀
Bitcoin recently experienced a false breakout below a key support level within the daily timeframe. This event hinted at a potential reversal, marked by a robust recovery from the previous sell-off, rebounding to the 57k-56k range. Re-entering the demand zone signaled a bullish sentiment, and yet another rejection occurred at the major trend line.
The anticipation of a bullish rally hinges on a breakout above this trend line. Until then, expectations of a significant upward movement remain uncertain. However, if such a breakout materializes, the next significant resistance level is anticipated around 71k.
Conversely, should Bitcoin falter once more within the demand zone and undergo a bearish breakout, the bullish outlook would be nullified.
The anticipation of a bullish rally hinges on a breakout above this trend line. Until then, expectations of a significant upward movement remain uncertain. However, if such a breakout materializes, the next significant resistance level is anticipated around 71k.
Conversely, should Bitcoin falter once more within the demand zone and undergo a bearish breakout, the bullish outlook would be nullified.
İlgili yayınlar
Feragatname
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.