Bitcoin - Time to buy again!

15 Sep 2024

BTCUSDT
Bitcoin price is in the ascending Triangle with means the bitcoin price can react to this situation and breaks the triangle and will go up. and the most important resistance for Btc is currently 61k if the price breaks this resistance, Bitcoin can reach the top of the megaphone.

Analysis Summary:
Current Situation:
Bitcoin is struggling to break the important $61,000 level. This level is crucial for further upward movement.
Potential Scenarios:
If Bitcoin successfully surpasses the $61,000 level, it could indicate a bullish trend continuation.
Failure to break this level might lead to a consolidation phase or a potential bearish reversal, especially if it falls below the support level at $51K.
Conclusion:
The chart combines multiple technical analysis tools to provide a comprehensive view of Bitcoin’s potential price movements. Traders will be watching the $61,000 level closely, as breaking it could signal a strong bullish trend, while failing to do so might lead to a bearish scenario.

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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!

16 Sep 2024

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