#BTC #Trade #halving #uptrend
Bitcoin Daily Breakout Analysis
Bitcoin has successfully broken out of the daily range of $66,000, indicating a strong upward momentum. This breakout is also confirmed by the RSI indicator, which has broken out of its downtrend line on the daily chart.
Considering the timeframe after the halving and the current market movements, it appears that Bitcoin's price is poised to rise further.
Key resistance levels to watch:
First resistance: $69,500
Next resistance: $71,600
Major resistance: $80,000
Keep an eye on these levels as Bitcoin continues its upward trajectory.
Bitcoin has successfully broken out of the daily range of $66,000, indicating a strong upward momentum. This breakout is also confirmed by the RSI indicator, which has broken out of its downtrend line on the daily chart.
Considering the timeframe after the halving and the current market movements, it appears that Bitcoin's price is poised to rise further.
Key resistance levels to watch:
First resistance: $69,500
Next resistance: $71,600
Major resistance: $80,000
Keep an eye on these levels as Bitcoin continues its upward trajectory.
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.