BITCOIN ON BREAKOUT AND PULLBACK BEFORE THE RALLY
Bitcoin has confirmed a breakout recently on the trend line picked up. We have seen a reversal back towards the 
27K has taken to accumulate more buying pressure. We expect the price to ladder up steadily above the levels and also looking towards a target close to the major resistance formed on the top.
27K has taken to accumulate more buying pressure. We expect the price to ladder up steadily above the levels and also looking towards a target close to the major resistance formed on the top. Note
Possible reversal on the resistance after achieving the major target.
Note
Bitcoin also respects the upper boundary formed on the growing channel spotted. We see the 5 Elliot wave completed inside the channel formed which looking for a bearish correction to the downside.
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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.