If a strong bullish candle closes above the marked level, I will consider entering a long position on BTC/USDT. Additionally, there is a clear bullish divergence, and the price has retraced from the 0.618 Fibonacci level, which supports the potential for a continuation of the uptrend.
If the price break out of the current consolidation zone with a strong bullish impulse, it would confirm a bullish flag pattern, indicating the possibility for BTC to rally towards the 130,000 level
If the price break out of the current consolidation zone with a strong bullish impulse, it would confirm a bullish flag pattern, indicating the possibility for BTC to rally towards the 130,000 level
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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.