Greetings, Crypto Enthusiasts! 🌟
If you appreciate our charts, give us a quick 💜💜
Without further ado, let's dive right into our Bitcoin analysis:
Bitcoin's price consolidation phase, occurring within the range of $25,000 to $28,000, is drawing closer to a crucial turning point. This pivotal moment revolves around the dashed downtrend line on the chart.
Break Above the Trend: If Bitcoin manages to break above this trendline, coupled with surpassing the associated resistance, it may then encounter formidable resistance at the $28,700 level.
Local Cautions: However, it's important to monitor local trends closely. Should Bitcoin fail to sustain its position above the local trendline, there's a possibility of a descent towards a new support area, approximately around $26,500. This region could serve as a fresh rebound target.
Stay focused. Happy trading! 💜 💰
If you appreciate our charts, give us a quick 💜💜
Without further ado, let's dive right into our Bitcoin analysis:
Bitcoin's price consolidation phase, occurring within the range of $25,000 to $28,000, is drawing closer to a crucial turning point. This pivotal moment revolves around the dashed downtrend line on the chart.
Break Above the Trend: If Bitcoin manages to break above this trendline, coupled with surpassing the associated resistance, it may then encounter formidable resistance at the $28,700 level.
Local Cautions: However, it's important to monitor local trends closely. Should Bitcoin fail to sustain its position above the local trendline, there's a possibility of a descent towards a new support area, approximately around $26,500. This region could serve as a fresh rebound target.
Stay focused. Happy trading! 💜 💰
💡 Elevate Your Trading Game! Join Vestinda's Vibrant Discord Community💬
📈 Discover insights, share strategies, and connect with fellow traders. Click to join: bit.ly/3rmVr9b 💜💜💜
📈 Discover insights, share strategies, and connect with fellow traders. Click to join: bit.ly/3rmVr9b 💜💜💜
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.
💡 Elevate Your Trading Game! Join Vestinda's Vibrant Discord Community💬
📈 Discover insights, share strategies, and connect with fellow traders. Click to join: bit.ly/3rmVr9b 💜💜💜
📈 Discover insights, share strategies, and connect with fellow traders. Click to join: bit.ly/3rmVr9b 💜💜💜
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.