Bitcoin / TetherUpdated Bitcoin Decision is Here!
Hello, traders!
Today, we’re going to analyze BTC in a weekly timeframe.
In the next 7 hours, BTC will likely confirm a major breakout with a weekly close above the parallel channel resistance. BTC has been attempting to break above this resistance for quite some time, and it looks like the breakout is finally happening.
A weekly close above the resistance will confirm a major bullish scenario for Bitcoin, setting its primary target at the all-time high of 73.7k.
On the daily timeframe, BTC is at a critical resistance, and a daily close above it will provide double confirmation.
We’ll wait for the weekly close and see what BTC has in store.
Trade safely!
Today, we’re going to analyze BTC in a weekly timeframe.
In the next 7 hours, BTC will likely confirm a major breakout with a weekly close above the parallel channel resistance. BTC has been attempting to break above this resistance for quite some time, and it looks like the breakout is finally happening.
A weekly close above the resistance will confirm a major bullish scenario for Bitcoin, setting its primary target at the all-time high of 73.7k.
On the daily timeframe, BTC is at a critical resistance, and a daily close above it will provide double confirmation.
We’ll wait for the weekly close and see what BTC has in store.
Trade safely!
Trade active
It’s happening, guys!
I hope this turns out to be a retest on the weekly timeframe.
I’m expecting a rejection, or what could be considered a retest (according to the weekly timeframe), down to 62k.
What do you guys think?
#BTCUSD #Crypto #BTC
Note
Here we go!
BTC is moving as expected. The breakout, retest, and rebound pattern is in play. Two weeks ago, BTC broke above the resistance; last week, it retested, and this week it’s showing a rebound.
Let’s see if BTC can reach an all-time high because, according to our analysis, that’s the target.
Trade safely.
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.
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.