#BTC: A BULLISH RETEST??
Hey everyone!
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Bitcoin is currently trading near the 61.6k level. Following a breakout from an ascending triangle, it's now retesting the triangle's resistance. The 200MA acts as additional support. A bounce from this retest is anticipated.
However, a failure to hold the retest level and a subsequent close back within the triangle would invalidate the bullish pattern. In this scenario, we could see a potential pullback towards the 56k-57k range.
Potential Targets:
Breakout: A successful breakout could lead to a rally towards
65K-68k.
Stronger Breakout: A more decisive breakout could target 70k-75k.
What are your thoughts on Bitcoin's current price action? Share your analysis in the comments!
Appreciate a like and follow if this analysis helps!
Bitcoin is currently trading near the 61.6k level. Following a breakout from an ascending triangle, it's now retesting the triangle's resistance. The 200MA acts as additional support. A bounce from this retest is anticipated.
However, a failure to hold the retest level and a subsequent close back within the triangle would invalidate the bullish pattern. In this scenario, we could see a potential pullback towards the 56k-57k range.
Potential Targets:
Breakout: A successful breakout could lead to a rally towards
65K-68k.Stronger Breakout: A more decisive breakout could target 70k-75k.
What are your thoughts on Bitcoin'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.