•• New ATH to $105k-$110k soon? ••
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Hi! More on BTC
Yesterday I told you about the hourly breakout which therefore confirmed in “clean cut”, that is to say an hourly candle then a 4H candle completely above the bearish breakout line.
Where are we?
The reversal trend is slowly confirmed so we go back to 4h analysis.
The objectives are simple:
- $100 150 (the top of the suspension bridge) being tested as support.
- the 3 previous peaks (around $101k, $102k and $103k), each of which is a short-term resistance/support zone. In itself, it is a low-risk staircase trade plan.
What can happen?
BTC could also go lower, the bearish support by remaining above the top of the bearish channel. If this happens, we will have to wait for volume + bullish breakout to have an acceleration effect that could indicate an ATH around $105k-$110k.
Be careful, in the event of a reintegration of the bearish channel, we will have to expect a fall that could indicate a decline towards $86k-82k
My feeling:
- in the short term: undecided / to be monitored
- in the long term: bullish (bull run continues)
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