Possible BTC Breakout! Eyeing $70k!!
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The chart suggests a potential breakout from a descending channel pattern for Bitcoin (BTC), followed by a retest of the broken trendline as support. If this retest holds, there could be a significant price increase towards 70k. The 50MA is also acting as a potential support level.
Here's what could invalidate this bullish scenario: A daily candle close below 61.5k.
What do you think about this potential price movement? Share your thoughts in the comments below!
The chart suggests a potential breakout from a descending channel pattern for Bitcoin (BTC), followed by a retest of the broken trendline as support. If this retest holds, there could be a significant price increase towards 70k. The 50MA is also acting as a potential support level.
Here's what could invalidate this bullish scenario: A daily candle close below 61.5k.
What do you think about this potential price movement? Share your thoughts in the comments below!
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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.