Bitcoin's Path Toward $65k After Key Resistance Break-high risk
hello guys.
as I said before:
Head and Shoulders pattern completed: A clear inverse head and shoulders pattern has formed, signaling a bullish reversal. The breakout above the neckline confirms this bullish structure.
Breakout confirmed: Bitcoin broke past the previous resistance at $62,300, which now acts as a strong support level. The price retested this zone, reinforcing the breakout.
Upward momentum: The trend shows higher highs and higher lows, suggesting continued bullish momentum in the short term.
Next target at $65,000: The next major resistance is around $65,000, which could serve as a key psychological barrier.
Potential consolidation: A consolidation or retest of the $62,300 level is possible before a move higher.
High risk: Despite the bullish structure, the risk of this position is extremely high. The market remains volatile, and failure to maintain the $62,300 support could lead to sharp declines. Traders should exercise caution.
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
as I said before:
Head and Shoulders pattern completed: A clear inverse head and shoulders pattern has formed, signaling a bullish reversal. The breakout above the neckline confirms this bullish structure.
Breakout confirmed: Bitcoin broke past the previous resistance at $62,300, which now acts as a strong support level. The price retested this zone, reinforcing the breakout.
Upward momentum: The trend shows higher highs and higher lows, suggesting continued bullish momentum in the short term.
Next target at $65,000: The next major resistance is around $65,000, which could serve as a key psychological barrier.
Potential consolidation: A consolidation or retest of the $62,300 level is possible before a move higher.
High risk: Despite the bullish structure, the risk of this position is extremely high. The market remains volatile, and failure to maintain the $62,300 support could lead to sharp declines. Traders should exercise caution.
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Not
wrong text!
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My telegram channel:
t.me/melikatrader94
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