After a strong consolidation phase between ~$101,446 and ~$104,982, Bitcoin has broken out of a key horizontal range on the 4H chart. This breakout signals a potential continuation of the bullish trend with a measured move target around $1*****, representing a 9.94% gain from the breakout zone.
🔹 Chart Pattern: Horizontal range breakout
🔹 Target: ~$$$
🔹 Momentum: Still strong with bulls in control
This setup aligns with the ongoing bullish momentum and could be a key level to watch for both swing and short-term traders. Keep an eye on volume confirmation and possible retest of the breakout level.
🔹 Chart Pattern: Horizontal range breakout
🔹 Target: ~$$$
🔹 Momentum: Still strong with bulls in control
This setup aligns with the ongoing bullish momentum and could be a key level to watch for both swing and short-term traders. Keep an eye on volume confirmation and possible retest of the breakout level.
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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.