Will we get Breakout this time in Bitcoin?Hello Everyone i hope you all will be doing good. From now i will always gonna to be put my analysis on Cryptos as well. Today i have brought analysis on Bitcoin. Right now BTC is trading at very important resistance zone, this time possibility is very high for breakout. if you check weekly analysis, you will get that price is forming vcp kind of pattern and it seems we have reached in that area where prices can give breakout and price should move very heavily for upside. Any breakout in Btc can take it towards 80k+ and finally it can find resistance at 84k..
I already have written this on chart but pasting it here as well for reference.
(Higher Probability for breakout
this time. But i think everyone
should wait for perfect level to get
long entry. on 7th june btcusdt has
made high at 71997, i think we should
wait to surpass this level for more
confirmation. In case of breakout and
good entry then 67500 can be best stop
Loss, for short term, and 64665 can be
best stop loss for medium term to long term.)
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Thankyou.
