Technical Overview
The
BTCUSD weekly chart suggests a bullish setup, with a Bullish Flag pattern and Descending Broadening Triangle playing out. Current price action shows BTC retesting previous resistance as new support around $67,000.
Support and Resistance:
- Support: The zone at $67,000 serves as immediate support within the flag pattern.
- Resistance: Key resistance lies at Bullish Target 1 ($77,750), which aligns with the 0.786 Fibonacci level.
Outlook:
- Bullish: If BTC holds above $67,000 and breaks through $77,750, a rally towards Bullish Target 2 at $88,000 is plausible, with a long-term target of $112,993.
- Bearish: A breakdown below $67,000 may lead to a retracement toward $60,000 or lower.
Conclusion:
The weekly setup remains bullish if BTC can defend $67,000, with $77,750 and $88,000 as primary upside targets. A decisive breakout could confirm continuation to higher targets.
The
BTCUSD weekly chart suggests a bullish setup, with a Bullish Flag pattern and Descending Broadening Triangle playing out. Current price action shows BTC retesting previous resistance as new support around $67,000.Support and Resistance:
- Support: The zone at $67,000 serves as immediate support within the flag pattern.
- Resistance: Key resistance lies at Bullish Target 1 ($77,750), which aligns with the 0.786 Fibonacci level.
Outlook:
- Bullish: If BTC holds above $67,000 and breaks through $77,750, a rally towards Bullish Target 2 at $88,000 is plausible, with a long-term target of $112,993.
- Bearish: A breakdown below $67,000 may lead to a retracement toward $60,000 or lower.
Conclusion:
The weekly setup remains bullish if BTC can defend $67,000, with $77,750 and $88,000 as primary upside targets. A decisive breakout could confirm continuation to higher targets.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.