Hello my dear Traders! On the above 10 day chart #BTC☀ is a bull flag is identified. In addition RSI has recently confirmed the 52 level as support. This is an important indication on this timeframe, look left. When does 128k strike? Don’t know. No one does. However it happens before June 2025 or not at all. When it happens, that is the market top. Exit all crypto positions by this time.💰🚀 Is it possible price action continues downtrend? Sure. Is it probable? No.🚀💵
#Bitcoin❗ is breaking out of the bear market structure and creating a new uptrend that will lead to an all-time high! This thesis is supported by the fact that after the halving event, Bitcoin always goes up (statistically, 100% probability). The halving event took place 1 month ago and cut the reward for mines by half. It's recommended to trade with the trend to increase the probability of success in your trades.
From a technical perspective, #Bitcoin❗ has been moving in the ascending parallel channel, so you can definitely take advantage of that and buy/sell Bitcoin at the upward sloping trendlines! With TradingView, you can set an alert, and when it hits, you will get notified.
What are the resistances on the way up? As I mentioned, the upward-sloping trendline of the parallel ascending channel is the first one. The second one is the FAIR VALUE GAP (FVGAP) which was created in April 2024. Usually, the start of the GAP and the end of the GAP are strong levels by themselves. You can use these levels for your short-term trades with leverage. These resistances #Bitcoin❗ needs to break before a continuation to a new all-time high; I don't see any other significant levels worth mentioning. Always choose the strongest levels to increase the probability of success.
I am bullish on Bitcoin, and I believe we will see prices above 100k in Q3/Q4 2024. Thank you, and I wish you successful trades. 🔥💰
Hello dear traders! Let's discuss and strategize today. Overall, yesterday the price of #BTCUSDT #BTC 💰experienced significant volatility with a bearish impulse surpassing the $62,000 level, along with that on H1 Descending price channel started to appear (this generally reinforces the strong bear market go up). #Bitcoin is currently reaching $60,863 and up 0.1% on the day, the outlook remains bearish. From a technical analysis perspective: The $62,000 resistance zone continues to hold but based on the classic candlestick technical analysis setup, I personally still believe that in the short term sellers have less and less chance to hold the zone Resistance keeps the down trend. Additionally, the uncertainty from the 34.89 EMA further strengthens the BTCUSDT pullback outlook. The break of the mentioned line will trigger the realization and delivery phase, which will give us bullish momentum. The targets in this case are $65,542 and $67,928. 🚀📈💵