Presently, Bitcoin is firmly ensconced within a robust upward trajectory. Having transitioned from a sideways trading phase at 84000 last week, it has executed a remarkable rally, surging directly into the resistance corridor in the vicinity of 89000. With the current trading price hovering at 87000, the market exudes a palpable sense of bullishness.
Should BTC sustain a stable sideways oscillation between 87000 and 88000, the bulls stand to methodically amass upward momentum. Once primed, a breakthrough of the 89000 threshold by BTC appears all but inevitable.
From a technical vantage point, Bitcoin has convincingly breached the sideways trading range. Its moving averages exhibit a distinct bullish configuration, with the 85000 level solidifying as a crucial support.
On the fundamental front, a confluence of factors—including the prevailing global economic uncertainties, the buoyant market sentiment, and the relatively permissive regulatory environment—collectively conspire to propel the continued ascent of its price.
💎💎💎 BTCUSD 💎💎💎
🎁 Buy@85500 - 86000
🎁 TP 87000 88000 89000
The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
Should BTC sustain a stable sideways oscillation between 87000 and 88000, the bulls stand to methodically amass upward momentum. Once primed, a breakthrough of the 89000 threshold by BTC appears all but inevitable.
From a technical vantage point, Bitcoin has convincingly breached the sideways trading range. Its moving averages exhibit a distinct bullish configuration, with the 85000 level solidifying as a crucial support.
On the fundamental front, a confluence of factors—including the prevailing global economic uncertainties, the buoyant market sentiment, and the relatively permissive regulatory environment—collectively conspire to propel the continued ascent of its price.
💎💎💎 BTCUSD 💎💎💎
🎁 Buy@85500 - 86000
🎁 TP 87000 88000 89000
The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
Trade closed: target reached
Make a profit of 2000 points.
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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.