Bullish Outlook with Potential Targets
Upon scrutinizing the 4-hour timeframe, Bitcoin's chart reveals a compelling bullish scenario. The support line, characterized by a noticeable upward slope, is forming significant higher lows, indicating a strengthening upward trend.
Notably, a flat resistance level at 37,900 is proving to be a formidable barrier, temporarily halting further upward movement. This has given rise to the formation of an Ascending Triangle pattern, a bullish continuation signal.
The interplay between ascending support and a flat resistance level suggests potential upward momentum once the resistance at 37,900 is breached. This is promising setup for strategic entries, eyeing targets at 39,000, 41,000, and 43,000 for potential bullish moves.
Learn more about triangles -
Notably, a flat resistance level at 37,900 is proving to be a formidable barrier, temporarily halting further upward movement. This has given rise to the formation of an Ascending Triangle pattern, a bullish continuation signal.
The interplay between ascending support and a flat resistance level suggests potential upward momentum once the resistance at 37,900 is breached. This is promising setup for strategic entries, eyeing targets at 39,000, 41,000, and 43,000 for potential bullish moves.
Learn more about triangles -
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