BITCOIN - BTC/USD 4h Technical analysis
The basic trend is bullish on BITCOIN - BTC/USD and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 68,657.99 USD. Sellers would then use the next support located at 68,034.78 USD as an objective. Crossing it would then enable sellers to target 67,566.93 USD. If there is a return to above the resistance located at 69,749.05 USD, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 70,216.90 USD and 70,840.11 USD by extension.
Trade active
Trade closed: target reached
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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.