Hello dear traders!
BTCUSD is emerging as a focal point for investors seeking growth opportunities and capital preservation. Currently, BTC is trading at $28,079. It can be seen that this currency pair is recovering after breaking free from the psychological barrier with a downward channel pattern. It has made a breakthrough at $27,734.
The current environment is supportive of BTC's upward prospects, and my price target is $29,250, breaking through the strong resistance level at $28,585.
BTCUSD is emerging as a focal point for investors seeking growth opportunities and capital preservation. Currently, BTC is trading at $28,079. It can be seen that this currency pair is recovering after breaking free from the psychological barrier with a downward channel pattern. It has made a breakthrough at $27,734.
The current environment is supportive of BTC's upward prospects, and my price target is $29,250, breaking through the strong resistance level at $28,585.
Note
Additionally, IntoTheBlock metrics evaluate the average price at which these tokens were purchased and compare it to current prices showing that 67% of holders are currently in profit. The In The Money indicator shows that 10% of holders are at breakeven and 22% of holders are currently at a loss.Note
The market has also received a boost from the US Securities and Exchange Commission's (SEC) decision to miss a deadline to challenge Grayscale's application to convert the Bitcoin Trust into an exchange-traded fund. (ETF).Trade active
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achieve targetNote
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.