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Welcome to this BTC update.
BTC is still consolidating in the same range from the last 5-6 days. It is trading inside a symmetrical triangle in a 4hr time frame and the triangle is squeezing very tightly here. So we definitely see a breakout or break down.
Bullish case:- If BTC breaks out of the triangle and breaks the $23.5k resistance then be ready for the $26k-
27K level.
Bearish case:- If BTC breaks down the triangle then be ready for the $19k-$20k level.
Let's hope BTC breaks out in the upside direction.
What do you think guys?
Do you think we see a rally to $26k-27K from here or do we see a dump from here?
Share your views in the comment section.
Thank You!
S
Welcome to this BTC update.
BTC is still consolidating in the same range from the last 5-6 days. It is trading inside a symmetrical triangle in a 4hr time frame and the triangle is squeezing very tightly here. So we definitely see a breakout or break down.
Bullish case:- If BTC breaks out of the triangle and breaks the $23.5k resistance then be ready for the $26k-
27K level.Bearish case:- If BTC breaks down the triangle then be ready for the $19k-$20k level.
Let's hope BTC breaks out in the upside direction.
What do you think guys?
Do you think we see a rally to $26k-
27K from here or do we see a dump from here?Share your views in the comment section.
Thank You!
S
Note
Break out perfectly. Now facing some resistance at $24,200-$24,500 so we might see some dip but those dips are buying opportunities. Now. all we need is a daily close above $24.5k for reaching the $26k-$28k level.
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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.