Bitcoin in the bullish channel.
As the analysis on the chart.
Bitcoin is currently on the bullish channel (namely the bullish flag, bull flag).
The pattern I found in the 4h timeframe is pretty obvious, and very clear.
If it breaks the upper resistance (preferably with a confirmation), it most likely would be 85K in a few weeks.
Although since 70% or more confidence in terms of probability the bullish flag has, more likely to go up, still if it breaks the lower support, it could be a plummet (target 52.2K). Though, it also can be a false breakout, considering the current fundamental situation.
That's all.
Bitcoin is currently on the bullish channel (namely the bullish flag, bull flag).
The pattern I found in the 4h timeframe is pretty obvious, and very clear.
If it breaks the upper resistance (preferably with a confirmation), it most likely would be 85K in a few weeks.
Although since 70% or more confidence in terms of probability the bullish flag has, more likely to go up, still if it breaks the lower support, it could be a plummet (target 52.2K). Though, it also can be a false breakout, considering the current fundamental situation.
That's all.
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.