BTC Smashes ATH Price Discovery engaged!
Total Market Cap Breakout
The crypto total market cap is poised to breach $3 trillion, fueled by increasing volume and Bitcoin's surge past $81,000 resistance.
Key Indicators
The crypto total market cap is poised to breach $3 trillion, fueled by increasing volume and Bitcoin's surge past $81,000 resistance.
Key Indicators
- Next significant resistance: 2.618 Fibonacci level around $90,000
- Weekly RSI remains overbought, indicating a potential pullback
Trading Strategy
Taking profits below $90,000 in anticipation of possible rejection
Maintaining exposure due to strong upside momentum
Caution: BTC unlikely to break $100,000 on the first attempt given recent rapid gains
Trading Considerations - Watch for rejection at key levels
- Pullback potential
- Momentum favors continuation
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.
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.