BTCUSDT SPOTLong
BTC İs Poised For a New All-Time-High
After bottoming out at
49K, the price formed a higher low at 52.5K.Starting from 52.5K, momentum initially created a well-defined orange uptrend channel between 6-19 September.
Following the uptrend channel, a 7-day horizontal consolidation between exactly $62,600 and $64,100 filled a significant gap from 19-26 September.
These points suggest that the current price increase is quite healthy.
I believe the upper purple uptrend channel, which runs parallel to the orange uptrend, will be the next near-term target. This implies we can anticipate a new all-time high and an upcoming pump.
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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.