BITCOIN (BTCUSD): Waiting For The Next Move ₿
https://www.tradingview.com/x/52eIU05H/
Bitcoin is trading in a bullish trend since the beginning of this year.
The market stopped growing ahead of holidays and we see a local weakness
and formation of an inside bar on a weekly time frame.
Analyzing the price action on a daily, we can spot a horizontal range.
Trading volumes are accumulating within, setting lower highs and higher lows.
Your next bullish confirmation will be a breakout of the upper boundary of the range.
A daily candle close above 45000 will be your strong bullish confirmation.
A bullish continuation will be anticipated at least to 47000 then - the next weekly resistance.
A bearish breakout of the support of the range will be a signal of an extended correction.
❤️Please, support my work with like, thank you!❤️
Bitcoin is trading in a bullish trend since the beginning of this year.
The market stopped growing ahead of holidays and we see a local weakness
and formation of an inside bar on a weekly time frame.
Analyzing the price action on a daily, we can spot a horizontal range.
Trading volumes are accumulating within, setting lower highs and higher lows.
Your next bullish confirmation will be a breakout of the upper boundary of the range.
A daily candle close above 45000 will be your strong bullish confirmation.
A bullish continuation will be anticipated at least to 47000 then - the next weekly resistance.
A bearish breakout of the support of the range will be a signal of an extended correction.
❤️Please, support my work with like, thank you!❤️
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