Bitcoin - This Is The Bullish Breakout!
Updated
Bitcoin (
BTCUSD) still has a high chance of a breakout:
Click chart above to see the detailed analysis👆🏻
Bitcoin is clearly following the behaviour of the previous cycles and there is actually no reason to be bearish at the moment. The current consolidation is rather a sign of strength and a bullish breakout is definitely more likely than a bearish rejection. Just closely monitor price action.
Levels to watch: $65.000, $32.000
Keep your long term vision,
Philip (BasicTrading)
BTCUSD) still has a high chance of a breakout:Click chart above to see the detailed analysis👆🏻
Bitcoin is clearly following the behaviour of the previous cycles and there is actually no reason to be bearish at the moment. The current consolidation is rather a sign of strength and a bullish breakout is definitely more likely than a bearish rejection. Just closely monitor price action.
Levels to watch: $65.000, $32.000
Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Bitcoin (BTCUSD):
Click chart above to see the detailed analysis👆🏻
Bulls are still in control of Bitcoin. It seems like it is just a matter of time until Bitcoin will finally break above the previous all time high, starting the next major bullish wave and crypto cycle. Consolidation at the all time high is clearly not a bad thing at all.
Levels to watch: $65.000
Keep your long term vision,
Philip (BasicTrading)
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