Bitcoin

BITCOIN (BTCUSD): Waiting For Breakout

1 549
It appears that ⚠️BITCOIN is getting ready for a potential upward movement.

Upon analyzing the daily chart, I spotted a falling wedge pattern and a confirmed breakout above its upper boundary.

The final hurdle for buyers is the resistance level between 8,7478 and 88799 on a daily chart.

If the bulls are able to surpass and close above this level, it will be a significant bullish signal.

This could lead to a continuation of the bullish trend, possibly reaching the next resistance level.

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.