BitcoinLong
BTC: Alessandro Ottaviani: Bitcoin is closer to $1 million than
Bitcoin faces resistance at $2,000
Whether buyers will maintain the bullish momentum, pushing Bitcoin to key resistance levels at $30,000 and $32,000 in the near term remains to be seen. Looking at the candlestick arrangement in the daily chart, swing traders can consider a retest of the October 16 high as the first target. Further trend continuation could lift BTC to its July 2023 high at $32,000, potentially opening up more opportunities for gains above $35,000.
Whether buyers will maintain the bullish momentum, pushing Bitcoin to key resistance levels at $30,000 and $32,000 in the near term remains to be seen. Looking at the candlestick arrangement in the daily chart, swing traders can consider a retest of the October 16 high as the first target. Further trend continuation could lift BTC to its July 2023 high at $32,000, potentially opening up more opportunities for gains above $35,000.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.