Bitcoin
Long

BTCUSD - ANALYSIS

216
👀 Observation:
Hello, everyone! I hope you're doing well. I’d like to share my analysis of BTC-USD with you.

Looking at the BTC chart, we are currently in an upward channel. After reaching the bottom of the channel, I expect to see an uptrend moving upwards. My next target for Bitcoin is $125,000.

📉 Expectation:

Bullish Scenario: Continuation of the upward trend with a target of $125,000.

💡 Key Levels to Watch:
Support: Bottom of the channel
Resistance: Top of the channel

💬 What are your thoughts on Bitcoin this week? Let me know in the comments!

Trade safe

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.