Bitcoin Analysis
Bitcoin is currently approaching the key psychological zone between $70,000 to $75,000, where we expect a potential consolidation or short-term correction.
This area could serve as a resting phase before the market gathers momentum for a new and powerful bullish leg, targeting the $120,000–$130,000 range in the mid to long term.
Traders should watch for signs of accumulation and breakout confirmation before positioning for the next major move.
Bitcoin is currently approaching the key psychological zone between $70,000 to $75,000, where we expect a potential consolidation or short-term correction.
This area could serve as a resting phase before the market gathers momentum for a new and powerful bullish leg, targeting the $120,000–$130,000 range in the mid to long term.
Traders should watch for signs of accumulation and breakout confirmation before positioning for the next major move.
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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.