Scenario 1
Bitcoin forming ascending triangle, price will rebound after facing trendline and EMA 100,
the next couple day price will retest
59K trying to break resistance.
If bitcoin success, we will see new ATH.
Scenario 2
Bitcoin breakout the trendline and EMA 100, price falling down to EMA 200 & facing bottom of Uptrend Channel,
If price success to breaking channel, I think trend has change, welcome bear market.
Note: Weekly candle so good.
Bitcoin forming ascending triangle, price will rebound after facing trendline and EMA 100,
the next couple day price will retest
59K trying to break resistance. If bitcoin success, we will see new ATH.
Scenario 2
Bitcoin breakout the trendline and EMA 100, price falling down to EMA 200 & facing bottom of Uptrend Channel,
If price success to breaking channel, I think trend has change, welcome bear market.
Note: Weekly candle so good.
Note
Looks like, there is high possibility BTC reach new ATH for next couple day.Note
[img/]Bitcoin reject EMA 200 with Bullish Pin Bar candle.
We can see bull flag too.
Note
[img/]Potentially bull divergence, we are at crucial state.
Just wait and be patient.
Note
[img/]If the scenario same as previous month, we will see new ATH.
Note
[img/]Bitcoin breakout bull flag, new ath coming.
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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.