This 1-hour Bitcoin (BTC/USD) chart from TradingView highlights a breakout from a consolidation phase and a bullish pennant formation, signaling a strong upward move. The price has surged past the $86,900 level, with the next target set at $88,000. The Supertrend indicator (10,3) is supporting the bullish bias, while previous resistance levels have turned into potential support. If momentum continues, BTC could test new highs in the short term. Traders should watch for confirmation of the breakout and potential retracements before further gains.
Note: This is not a trading signal, just my personal analysis based on current market trends.
Note: This is not a trading signal, just my personal analysis based on current market trends.
Trade active
wow target is near to hit Trade closed: target reached
CONGRATES TARGET HIT Successfully
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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.
Related publications
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.