🔥 Bitcoin's Potential Break Out: Weekend Analysis
A couple of days ago I made an analysis stating several short term moves for Bitcoin.
It seems that the bulls are taking the overhand in the short-term. Last 24 hours we saw a strong bounce off the bullish channel's support, with the catalyst happening a couple of hours ago.
Currently, we're seeing a short period of consolidation around the bearish triangle resistance (blue). Take a look below for a better long term overview:
This weekend might be a very important moment for BTC and crypto as a whole. In case of a break out, expect some consolidation (potentially a small reversal) around 36.5k. In case we can get past 36.5k, there's a very realistic chance that 40k will be around the corner.
Happy trading!
It seems that the bulls are taking the overhand in the short-term. Last 24 hours we saw a strong bounce off the bullish channel's support, with the catalyst happening a couple of hours ago.
Currently, we're seeing a short period of consolidation around the bearish triangle resistance (blue). Take a look below for a better long term overview:
This weekend might be a very important moment for BTC and crypto as a whole. In case of a break out, expect some consolidation (potentially a small reversal) around 36.5k. In case we can get past 36.5k, there's a very realistic chance that 40k will be around the corner.
Happy trading!
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