Bitcoin (BTC/USD) 2-hour chart presents several key technical observations:
Breakout Confirmed: Price has successfully broken above the descending red trendline, signaling a potential bullish breakout.
Ascending Channel: BTC is trading within an upward-sloping channel, indicating a strong short-term uptrend.
Support Zones: Multiple supports around $115,000 are identified, including:
50% Fibonacci retracement
Previous reversal zone
Momentum: The current price action has surged past the 50% midline of the channel and is targeting higher resistance levels around $120,000.
Curved Trendline: An upward parabolic curve suggests accelerating bullish momentum.
Summary: Bitcoin is showing strong bullish momentum after breaking key resistance. Watch for a potential retest of the breakout level (~$117,000) before a move higher.
thanks you
Breakout Confirmed: Price has successfully broken above the descending red trendline, signaling a potential bullish breakout.
Ascending Channel: BTC is trading within an upward-sloping channel, indicating a strong short-term uptrend.
Support Zones: Multiple supports around $115,000 are identified, including:
50% Fibonacci retracement
Previous reversal zone
Momentum: The current price action has surged past the 50% midline of the channel and is targeting higher resistance levels around $120,000.
Curved Trendline: An upward parabolic curve suggests accelerating bullish momentum.
Summary: Bitcoin is showing strong bullish momentum after breaking key resistance. Watch for a potential retest of the breakout level (~$117,000) before a move higher.
thanks you
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Penerbitan berkaitan
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.