BTC has successfully broken through the last major bearish FVG, signaling a potential shift to bullish momentum. Multiple bullish FVGs on the chart indicate possible support zones where price could retrace before pushing higher. The next target is the breakout of the next bearish FVG towards $102,000-$104,000 before it reach new ATH. Looking for further confirmations on bullish continuation.
Previous Breakout of Bearish FVG:
The recent breakout of the bearish Fair Value Gap (FVG) indicates a shift in momentum. The price has moved above the previous significant resistance, which could be interpreted as a bullish signal.
Bullish FVGs at Key Levels:
The chart shows multiple bullish FVGs (Fair Value Gaps) marked at different price levels. These areas are often considered potential support zones where price could retrace to before continuing the upward trend.
Next Target: Breaking the Bearish FVG:
The next major target is to break the bearish FVG above, which could open the path towards the higher price levels. If this zone gets broken, the bullish momentum could accelerate super fast.
Bullish Market Sentiment:
Given that the last bearish FVG has already been broken and the price is consistently moving higher within bullish FVG areas, the general sentiment is bullish.
The movement suggests that after minor pullbacks to the bullish FVG levels, the price is likely to continue upward toward the 110k+ target range.
Previous Breakout of Bearish FVG:
The recent breakout of the bearish Fair Value Gap (FVG) indicates a shift in momentum. The price has moved above the previous significant resistance, which could be interpreted as a bullish signal.
Bullish FVGs at Key Levels:
The chart shows multiple bullish FVGs (Fair Value Gaps) marked at different price levels. These areas are often considered potential support zones where price could retrace to before continuing the upward trend.
Next Target: Breaking the Bearish FVG:
The next major target is to break the bearish FVG above, which could open the path towards the higher price levels. If this zone gets broken, the bullish momentum could accelerate super fast.
Bullish Market Sentiment:
Given that the last bearish FVG has already been broken and the price is consistently moving higher within bullish FVG areas, the general sentiment is bullish.
The movement suggests that after minor pullbacks to the bullish FVG levels, the price is likely to continue upward toward the 110k+ target range.
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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.
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.