BTC/USD Breakout!! Road to 72k
Bitcoin is currently approaching a significant breakout structure. If it maintains its position above this level, I project it can reach my target of $72,000. Conversely, if Bitcoin retraces, my target is $68,000, where the MA20, MA50, and MA100 are located. It appears bullish as long as it remains above the MA20 on the daily timeframe.https://www.tradingview.com/chart/ay7ORTlJ/?symbol=BITSTAMP%3ABTCUSD
Note
Bitcoin is currently approaching a significant breakout structure. If it maintains its position above this level, I project it can reach my target of $72,000. Conversely, if Bitcoin retraces, my target is $66,200, where the MA20, MA50, and MA100 are located. It appears bullish as long as it remains above the MA20 on the daily timeframe.Note
We have breakout, first target is at $69,700
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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.