Bitcoin is testing a potential breakout from a descending wedge that began forming on January 20th. For the bulls to take control, BTC needs to close above $86,831 by the end of Monday, March 24th. A successful break and hold above this level could signal a strong upward move.
On the flip side, failure to break out may lead to a drop toward $76,817, a key support level from March 11th. If this support fails, the next significant level to watch is $69,665—a critical resistance Bitcoin overcame last year on November 6th before its prior rally. The next few days will be pivotal for determining BTC’s direction. Stay tuned for the Monday close!
On the flip side, failure to break out may lead to a drop toward $76,817, a key support level from March 11th. If this support fails, the next significant level to watch is $69,665—a critical resistance Bitcoin overcame last year on November 6th before its prior rally. The next few days will be pivotal for determining BTC’s direction. Stay tuned for the Monday close!
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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.