BTC/USD 1D CHART PATTERN

14 Apr

Bitcoin is making waves today after successfully breaking out of a descending trendline that has capped price action for weeks. This move is signaling renewed strength, with bullish sentiment starting to take hold in the market.

Technical Breakdown:

Trendline Breakout:
BTC has cleared a key downtrend resistance that dates back to early February. This is a significant technical signal suggesting the downtrend might be over.

Price Structure Improvement:
A series of higher lows has formed, showing strong buying pressure around the $80,000 zone. Bulls are defending this level firmly, and now we’re seeing follow-through on the upside.

Volume Confirmation:
The breakout comes with increased trading volume—always a good sign that the move is backed by real market interest rather than a short-lived spike.

Moving Average Flip:
Bitcoin is trading above its short-term moving averages, which are starting to slope upwards. This further supports the bullish case in the near term.

What’s Next?
First Target – $89,000:
A psychological and technical resistance zone. If bulls maintain pressure, this level is well within reach in the short run.

Second Target – $94,000:
A clean break above 89K opens up space to test the next major resistance around $94,000. Momentum will be key here.

14 Apr

Dagangan aktif

trade active

22 Apr

Nota

First Target $89,000 Reached

23 Apr

Dagangan ditutup: sasaran tercapai

1st Target Reached $89,000
2nd Target Reached $94,000