BTC has been on a crazy upside rally without a cool-off period! The momentum had gotten weak, and bearish divergences were visible on many timeframes, but despite that, BTC was putting in new ATHs! Now, it seems like the bearish divergences are playing out, and the price is cooling off! This is much needed in order to maintain a healthy uptrend!
Currently, the price is shaping into a bullish inverse head-and-shoulders pattern. If it manages to break above the neckline, the target we are looking at is $76.250!
Multiple indicators are signaling that we're poised for a significant rise above the current price levels. Furthermore, some indicators hint that we're still in the early phases of the altcoin market's development!
Where we are now:

Currently, the price is shaping into a bullish inverse head-and-shoulders pattern. If it manages to break above the neckline, the target we are looking at is $76.250!
Multiple indicators are signaling that we're poised for a significant rise above the current price levels. Furthermore, some indicators hint that we're still in the early phases of the altcoin market's development!
Where we are now:
Nota
68k is the level to break!Nota
The H&S pattern i still very valid!Nota
There is currently a CME gap at 64k!Nota
It seems like it has broken the Neckline! Let's if bulls can push the price higher!Nota
Bearish divergence on lower timeframes playing out atmNota
What's happening now happened during the last bull run, when BTC was about to break a new ATH! A new post will be up soon!Nota
Broke the bull flag to the upside! Let's see if it got the momentum to continue higher!Nota
72k is the level to break now!🔥 Unlock Lifetime Access to the Premium Trading Group – Just $129 for a lifetime membership!
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🔥 Unlock Lifetime Access to the Premium Trading Group – Just $129 for a lifetime membership!
🎖Telegram:
t.me/MBM_786kr 🎖
📩 Interested in our Premium Group?
DM @MBM786kr on telegram for full details!
🎖Telegram:
t.me/MBM_786kr 🎖
📩 Interested in our Premium Group?
DM @MBM786kr on telegram for full details!
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.