It seems Bitcoin has rested enough and might be gearing up for an upward move. Despite multiple attempts from sellers to push the price lower, they failed to gain control, which increases the probability of a bullish breakout.
In the recent candles, we can clearly see that red candles are getting smaller, and volume is also decreasing — a strong indication that selling pressure is fading. This adds further confirmation for a potential upward continuation.
Long trigger: $115,792
Short trigger (in case of a fake breakout): $113,610
Keep a close eye on Bitcoin Dominance (BTC.D). If dominance turns red while Bitcoin moves up, it’s a signal that altcoins could offer stronger long opportunities during this move.
💡 If you open a long position, I suggest holding it rather than taking early profits — there’s a chance we might see a strong bullish reaction soon.
In the recent candles, we can clearly see that red candles are getting smaller, and volume is also decreasing — a strong indication that selling pressure is fading. This adds further confirmation for a potential upward continuation.
Long trigger: $115,792
Short trigger (in case of a fake breakout): $113,610
Keep a close eye on Bitcoin Dominance (BTC.D). If dominance turns red while Bitcoin moves up, it’s a signal that altcoins could offer stronger long opportunities during this move.
💡 If you open a long position, I suggest holding it rather than taking early profits — there’s a chance we might see a strong bullish reaction soon.
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.