Bitcoin Full Bull in Control: What next?
Updated
BTC currently finds itself within a megaphone-like pattern, with the price nearing the upper trendline. This trendline presents immediate resistance, lying within the range of 42500-43500. Should this level hold, the potential for a significant drop increases, targeting the lower side of the megaphone around 36500-37500.
Megaphone patterns are known for their unpredictability, capable of breaking out in either direction. Vigilant monitoring of market dynamics is essential. Updates will be provided as needed.
In the scenario where the price fails to breach the lower trendline, the ultimate target around 50k could come under pressure.
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Megaphone patterns are known for their unpredictability, capable of breaking out in either direction. Vigilant monitoring of market dynamics is essential. Updates will be provided as needed.
In the scenario where the price fails to breach the lower trendline, the ultimate target around 50k could come under pressure.
Your engagement matters! Feel free to leave your comments and likes to support our ongoing research and analysis.
Thank you for your participation.
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Have you noticed Bitcoin's behavior upon reaching the 42k zone? It's no coincidence; the formidable strength of the supply level is significantly impeding price movement. Stay tuned for a comprehensive update later today.Trade active
Closing of daily candle today will be very important. We should keep an eyes on the following levels.Immediate Resistance
43500
44285
Strong Resistance
47850
50400
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This discovery about BTC is truly remarkable. Take a look
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Trade closed: target reached
Price hit Bull target exactly.
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