BTC: NEXT POSSIBLE MOVE!!
Hey everyone!
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Bitcoin has successfully broken out from a symmetrical triangle in the 4-hour timeframe. However, a retest of the broken resistance level is likely. Avoid impulsive buying (FOMO) and wait for a potential pullback.
Anticipated Timeline:
Sideways Movement: Expect Bitcoin to trade sideways for the next week or two.
Retest: A retest of the broken resistance level (around 60k) is probable.
Post-Retest Outlook:
Bullish Momentum: A successful retest and subsequent close above the resistance could ignite a strong rally.
Target: The next major target is 80k.
What are your thoughts on BTC's current price action? Share your analysis in the comments!
Appreciate a like and follow if this analysis helps!
Bitcoin has successfully broken out from a symmetrical triangle in the 4-hour timeframe. However, a retest of the broken resistance level is likely. Avoid impulsive buying (FOMO) and wait for a potential pullback.
Anticipated Timeline:
Sideways Movement: Expect Bitcoin to trade sideways for the next week or two.
Retest: A retest of the broken resistance level (around 60k) is probable.
Post-Retest Outlook:
Bullish Momentum: A successful retest and subsequent close above the resistance could ignite a strong rally.
Target: The next major target is 80k.
What are your thoughts on BTC's current price action? Share your analysis in the comments!
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.
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.