Bitcoin / TetherUSUpdated BTCUSDT
Hello Traders! đź‘‹
What are your thoughts on BITCOIN?
Bitcoin is still ranging and has not managed to break out of its consolidation zone. As long as the price does not close above the resistance level, we cannot expect further upward movement.
Here are two possible scenarios:
1.Bullish Scenario: If the price successfully breaks the resistance level and closes above it, we can anticipate a continuation of the uptrend.
2.Corrective Scenario: This scenario seems more likely, where the price retraces back to the support zone before initiating another upward move.
A confirmed breakout above resistance would signal further growth, but until that happens, a return to support remains the more probable scenario.
What’s your view on Bitcoin’s trend? Do you find the second scenario more likely?
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on BITCOIN?
Bitcoin is still ranging and has not managed to break out of its consolidation zone. As long as the price does not close above the resistance level, we cannot expect further upward movement.
Here are two possible scenarios:
1.Bullish Scenario: If the price successfully breaks the resistance level and closes above it, we can anticipate a continuation of the uptrend.
2.Corrective Scenario: This scenario seems more likely, where the price retraces back to the support zone before initiating another upward move.
A confirmed breakout above resistance would signal further growth, but until that happens, a return to support remains the more probable scenario.
What’s your view on Bitcoin’s trend? Do you find the second scenario more likely?
Don’t forget to like and share your thoughts in the comments! ❤️
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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.
âś…MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
âś…INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
âś…INSTAGRAM:
instagram.com/marketanalaysis
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.