Hello, traders!
Today, we’re going to analyze BTC in a weekly timeframe.
In the next 7 hours, BTC will likely confirm a major breakout with a weekly close above the parallel channel resistance. BTC has been attempting to break above this resistance for quite some time, and it looks like the breakout is finally happening.
A weekly close above the resistance will confirm a major bullish scenario for Bitcoin, setting its primary target at the all-time high of $73.7k.
On the daily timeframe, BTC is at a critical resistance, and a daily close above it will provide double confirmation.
We’ll wait for the weekly close and see what BTC has in store.
Trade safely!
#CryptocurrencyAnalysis #BTC #BinanceTurns7 #WeAreAllSatoshi #Write2Earn! $BTC