Also the price of Bitcoin break above a 32day descending trendline which is also a significant move for Bitcoin.
My expectation as to where the price is heading to for the meantime is the $63k price level, we should expect some price rejections at this price range as it's important level to watchout for in the short.
My overall market sentiment for Bitcoin right now is bullish and taking into consideration that Bitcoin has filled all the price imbalances it left behind. We are currently trading within a Bullish rectangular pattern which is a bullish indicator and if price breaks above it we should see Bitcoin reaching $80k and above.
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Note! This is not financial advice do your own research.
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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.