Currently, Bitcoin is facing Support around my key level of $54,600, which coincides with the 0.5 Fibonacci level. Once Bitcoin closes above the 200-day moving average, it is expected to gain momentum and rise towards the top of the channel.
After breaking through the channel, Bitcoin is likely to continue climbing, then experience a pullback, before ultimately surpassing its previous all-time high and setting a new record.
After breaking through the channel, Bitcoin is likely to continue climbing, then experience a pullback, before ultimately surpassing its previous all-time high and setting a new record.
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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.