BitcoinLong
BTCUSD/ Toward NEW (ATH) 110.000
Updated
The price has formed an uptrend channel on the 4-hour chart, and similarly, an uptrend channel has emerged on the 1-hour chart. These developments are early indications of a potential new upward movement and a breakout of the previous peak. We anticipate that the price will continue to rise within the 1-hour channel and surpass the resistance level at 103.135, the most recent resistance point. Following this breakout, the price is expected to consolidate above this level and sustain its upward trajectory within the 4-hour rising channel, potentially reaching 110.000.
A decline from this level is unlikely to occur easily, though we may encounter a self-correction phase.
Nevertheless, the bearish scenario may unfold if the price falls below 86.319.
A decline from this level is unlikely to occur easily, though we may encounter a self-correction phase.
Nevertheless, the bearish scenario may unfold if the price falls below 86.319.
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As previously mentioned, the price has reversed and is now continuing its attempt to break through the most recent peak and resistance level at 103.135.
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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