#BTC
update
In a previous analysis, I explained BTC needs to break resistance area (44k - 46k) for more growth which it failed to break and fell to the mid-line of channel (34k) and was supported there!
Obviously, we can see a bullish pattern (W) has been shaped with the neck-line (44k-46k) again. It needs to break this short-term resistance area to gain higher prices (52k-54k) and by passing this area, the next target would be (59k-61k). Otherwise, the first short-term support area could be (38k-39k)
update
In a previous analysis, I explained BTC needs to break resistance area (44k - 46k) for more growth which it failed to break and fell to the mid-line of channel (34k) and was supported there!
Obviously, we can see a bullish pattern (W) has been shaped with the neck-line (44k-46k) again. It needs to break this short-term resistance area to gain higher prices (52k-54k) and by passing this area, the next target would be (59k-61k). Otherwise, the first short-term support area could be (38k-39k)
Trade closed: stop reached
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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.