On higher timeframes, extending from Nov-22, BTC is in a bearish pattern (channel, possibly flag). Currently at the top of that channel, from Jan-Mar BTC drew a continuation pattern (expanding wedge ), between $20k-25k.
The weekly close is super important, bulls want to close over
27K, escaping the ascending channel to begin a new trend. But a rejection can rally the bears, dropping BTC as low as $21k and retest support on the ascending channel . If that fails, we could retest the upper teens.
If it weren't challenging enough for bulls, BTC is currently in a value gap that rejected us twice in the past 6 months. If the bulls can muster a rally over the ascending channel , into the weekly close, it could carry us to the next higher value range, $30k to $40k.
The weekly close is super important, bulls want to close over
27K, escaping the ascending channel to begin a new trend. But a rejection can rally the bears, dropping BTC as low as $21k and retest support on the ascending channel . If that fails, we could retest the upper teens.If it weren't challenging enough for bulls, BTC is currently in a value gap that rejected us twice in the past 6 months. If the bulls can muster a rally over the ascending channel , into the weekly close, it could carry us to the next higher value range, $30k to $40k.
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.