#BITCOIN

After a freakout, there is another attempt to breach the resistance. However, confirmation is pending, requiring the closure of the candle for assessment.

It’s a little bit confusing if we consider this horizontal resistance, which still needs to break out. Have a look at the chart, If we consider that wick as the point of support, then it looks like a perfect breakout of this pattern.

Moreover, the RSI has successfully surpassed the bearish divergence and is presently undergoing a retest.

#BTC #etf #HalvingEvents #Halving2024