Bitcoin / TetherUSUpdated BITCOIN Ending Diagonal
Bitcoin seems to be forming an ending diagonal structure, a pattern that typically signals the final phase of a larger trend before a reversal or correction. I am confident that this dip will be relatively shallow, as the broader market dynamics suggest strong underlying support.
In this scenario, any pullbacks should be viewed as strategic buying opportunities for traders and investors. I anticipate that the price will retrace to the range of $73,500 to $72,000, offering an ideal entry zone for those looking to capitalize on the next potential upward move.
In this scenario, any pullbacks should be viewed as strategic buying opportunities for traders and investors. I anticipate that the price will retrace to the range of $73,500 to $72,000, offering an ideal entry zone for those looking to capitalize on the next potential upward move.
Trade closed: stop reached
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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.