Bitcoin is looking for buying opportunity after forming expanding channel & has clear formation to make movement to the upside, expecting target to reach at 68K
BTCUSD has formed ascending channel for a movement to the downside expecting to reach at 59K
Confirmation for this long trade:- 1: Market is taking pullback from support area 2: taking rejection from trendline
BTCUSD is forming a correction for the movement to the downside, As I have mentioned in previous post on Bitcoin.
Bitcoin close the weekly candle above the $25,000 key level. We will see a last wave toward the $29,000-$32,000 resistance level. You can start booking profit or increase your stop loss as we might see a test of the $25,000 level in the coming weeks. if btc doesnt close above $28700 then the reversal patterns for price action start to perform and bounce back...
bulish case for short term in BTC technically it should go up and grab those liquidity and fill the imbalance