This monthly BTC chart shows a bullish trend aiming for $116,000–$120,000.
• A three-candle bullish pattern is forming, suggesting continued upside.
• The label “SELL HERE, SELL the NEWS” near $120,615 signals a possible profit-taking zone.
• The lower area around $78,000 is marked as a buy-the-dip zone (“Buy the scare again”).
• BTC is currently seeking liquidity to continue its move up, possibly reaching the target by mid next month.
• A major resistance trendline is near, so price reaction there will be key.
• A three-candle bullish pattern is forming, suggesting continued upside.
• The label “SELL HERE, SELL the NEWS” near $120,615 signals a possible profit-taking zone.
• The lower area around $78,000 is marked as a buy-the-dip zone (“Buy the scare again”).
• BTC is currently seeking liquidity to continue its move up, possibly reaching the target by mid next month.
• A major resistance trendline is near, so price reaction there will be key.
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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.