Bitcoin / TetherUS
Long

🔥 Bitcoin Break Out After Successful Re-Test

Two days ago I made an analysis on Bitcoin. Here I argued that BTC had to re-test the bearish channel's resistance before continuing the bullish break out.

🔥 Bitcoin: Re-testing Channel Before Bullish Move


My two targets got reached today during a massive bullish move in the morning. The past two targets have now turned in support. It might be the case that BTC will trade within the range of 62.5k - 63.5k for a day or so before going up again.

Next target placed at 67k. For the rest of the week, I think that 70k is definitely in the cards.

Happy trading!

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.