#BITCOIN ⟶ READY TO EXPLODE?!
#Bitcoin Analysis - 1-Hour Timeframe
As long as #Bitcoin remains above its weekly support at 66963.27 on the 4-hour timeframe, its bullish trend is likely to continue.
One potential growth pattern is a rising wedge, as shown in the chart.
In a bearish scenario, before resuming its growth, it might retest the 66963.27 support level.
#Bitcoin's next growth targets:
Target 1: 69033.05-69195.52
Target 2: 69697.40
Target 3: 70192.76
Target 4: 71482.50
Target 5: 73905.50
Note: Target 2 is a significant resistance level. A re-evaluation of the chart after reaching this target is essential to determine if the growth will continue or if a correction will occur before further growth.
Stop-loss for this growth plan: A breakout below the weekly support level of 66963.27 on the 4-hour timeframe. In this case, the trend remains bullish according to my previous analysis, but a drop to the previous low before the growth is likely.
This analysis represents my personal opinion, and you are solely responsible for your decisions.
Wishing you the best!
As long as #Bitcoin remains above its weekly support at 66963.27 on the 4-hour timeframe, its bullish trend is likely to continue.
One potential growth pattern is a rising wedge, as shown in the chart.
In a bearish scenario, before resuming its growth, it might retest the 66963.27 support level.
#Bitcoin's next growth targets:
Target 1: 69033.05-69195.52
Target 2: 69697.40
Target 3: 70192.76
Target 4: 71482.50
Target 5: 73905.50
Note: Target 2 is a significant resistance level. A re-evaluation of the chart after reaching this target is essential to determine if the growth will continue or if a correction will occur before further growth.
Stop-loss for this growth plan: A breakout below the weekly support level of 66963.27 on the 4-hour timeframe. In this case, the trend remains bullish according to my previous analysis, but a drop to the previous low before the growth is likely.
This analysis represents my personal opinion, and you are solely responsible for your decisions.
Wishing you the best!
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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.
Related publications
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.