⚡ Bitcoin (BTC/USDT) – Daily Chart: Bullish Reversal on the Horizon? 📈
(Please check my previous posts before reading this last one regarding BTC)
BTC just tapped into a high-confluence Long Zone between $73,700 – $65,260, which acted as a powerful demand area during the last rally back in late 2024. After a recent drop of today, price is now sitting at a key decision level. 🟢
🔹 Long Zone: $73,700 – $65,260
🔹 Historical Support: Held in late 2024 before a major run
🔹 Target Level: $108,000
🔹 Potential Breakout Zone: A strong close above $108,000 as higher targets
📈 If price holds this zone, we could see a strong bullish reversal toward the $108,000 or higher. The descending wedge pattern hints at a textbook accumulation-to-expansion setup—but only with proper confirmation. 🚀
🟢 High reward-to-risk setup for swing traders watching for trend shifts.
⚠️ Don’t rush in. Look for signs of strength before entering and take care of your risk management system.
Are you bullish on BTC/USDT once it touches the $73,700 level? Let’s discuss! 👇
(Please check my previous posts before reading this last one regarding BTC)
BTC just tapped into a high-confluence Long Zone between $73,700 – $65,260, which acted as a powerful demand area during the last rally back in late 2024. After a recent drop of today, price is now sitting at a key decision level. 🟢
🔹 Long Zone: $73,700 – $65,260
🔹 Historical Support: Held in late 2024 before a major run
🔹 Target Level: $108,000
🔹 Potential Breakout Zone: A strong close above $108,000 as higher targets
📈 If price holds this zone, we could see a strong bullish reversal toward the $108,000 or higher. The descending wedge pattern hints at a textbook accumulation-to-expansion setup—but only with proper confirmation. 🚀
🟢 High reward-to-risk setup for swing traders watching for trend shifts.
⚠️ Don’t rush in. Look for signs of strength before entering and take care of your risk management system.
Are you bullish on BTC/USDT once it touches the $73,700 level? Let’s discuss! 👇
Telegram: t.me/Crypto_Sheykh
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.
Telegram: t.me/Crypto_Sheykh
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.