BTCUSD is not on the rise. Surprisingly to many, the price continues to decline even after the halving. The situation reminds vvot BTC-ETF, when before the growth, MM collected liquidity accumulated at the bottom. The trend is still strong and bullish. The price is in a sideways range and continues to collect liquidity. The range boundaries are 73500 - 60000K. The key level below which there is a huge pool of liquidity is 59300-59500, there is a high probability that Bitcoin can test this area before further growth. I am expecting a rise because Bitcoin's technical and fundamental components look very promising: Bullish trend, liquidity gathering at the expense of sellers (potential for growth), buyers are very confident to keep the price in the range, introduction of BTC-ETF in Hong Kong, which will only attract new investors and their money.
Resistance levels: 64550, 65500, 67300
Support levels: 61500, 60200, 59300
Within the range you should consider the appropriate trading style (bounce or false breakout). Don't forget to watch the price reaction to strong levels and zones. The outlook is still bullish.
Regards R. Linda!
Trade active
63300Trade active
Note
Consolidation in the 64K area continuesTrade active
Volatility is decliningTrade active
The price is approaching the risk zoneTrade active
The market is testing 61750
Trade active
A retest of 60K support is forming
The reaction is ambiguous. A rebound may follow, as the test of the lower boundary of the range was very fast
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The market is testing the area below 60KTrade active
Increased volatility is forming on the back of the news
Bitcoin could go much lower
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The dollar is rising on the back of Initial Jobless Claims news.Bitcoin may decline
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BTC is testing a key area of liquidity 59313Trade active
61K retest
Note
Retest 62250Trade active
62500
Note
63560 testTrade active
All eyes on 64500. Breakthrough and consolidation of the price above this level will be the reason for further growth to 73000Trade active
Local consolidation on the local timeframe. The chart as a whole looks goodNote
Bitcoin on the local timeframe looks quite confident at the moment. The coin is strengthening by 14% and testing the key area.
A breakout and consolidation of the price above this zone may cause further growth, as the market will then change the market plane to a bullish one.
! Risk zone - 58900
Note
For the first time in two weeks, global btc-etf outflows changed to capital inflows.Trade active
Bitcoin looks very confident on H1. A break of 64700 could give a bullish momentum. In such a scenario, the coin could strengthen to 66-67KTrade active
Another retest of 64500 may allow the price to break through this resistance with further upside continuationTrade active
Bitcoin bounces from 61500 amid bullish news Waiting for price appreciation
Trade active
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🟢Free Telegram Channel:
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🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
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.