Bitcoin (BTC/USD) Technical Analysis – Potential Breakout Format
hello traders
what is your thoughts on BTC.
My Analysis:
The chart shows a falling wedge pattern, which is generally a bullish reversal signal.
The price has broken out of the wedge and is now approaching the resistance zone (support area turned resistance) around $83,000.
A successful breakout above this zone could trigger a strong upward move, as indicated by the blue arrow.
Volume has increased significantly, suggesting potential buying pressure.
If BTC rejects this resistance zone, a retest of the previous support level might occur before another attempt to move higher.
what is your thoughts on BTC.
My Analysis:
The chart shows a falling wedge pattern, which is generally a bullish reversal signal.
The price has broken out of the wedge and is now approaching the resistance zone (support area turned resistance) around $83,000.
A successful breakout above this zone could trigger a strong upward move, as indicated by the blue arrow.
Volume has increased significantly, suggesting potential buying pressure.
If BTC rejects this resistance zone, a retest of the previous support level might occur before another attempt to move higher.
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join telegram channel free..
t.me/forex_signal_dollarsman
Forex Gold & Crypto signals with detailed analysis & get consistent results..
t.me/forex_signal_dollarsman
Forex Gold & Crypto signals with detailed analysis & get consistent results..
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.