Bitcoin Market Analysis
April 12, 2024
➖➖➖➖➖
⚪️TECHNICAL (1D)
BTC has recently retested successfully above the ascending triangle, showcasing its resilience and strength in the current market conditions. This successful retest suggests a higher probability of the bullish trend continuing. Conversely, should the price dip below the triangle, it could signal a correction in the market.
⚪️WRAP-UP (VIP)
BTC retested above the ascending triangle successfully, indicating strength. There's a higher likelihood of the bullish trend continuing. A drop below the triangle may signal a market correction.
$BTC DAILY RANGE:
📈Upper Limit: 71300
📉Lower Limit: 69500
(+-10% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲69000
🔴SHORT
💲77000
➖➖➖➖➖
