Bitcoin is heading close to 52K now with this Breakout
Market Instrument: BTCUSDT
Timeframe: DAILY
Analysis: Technical
Structure: Key Level and Reversal
Prediction: Bullish
Bitcoin has confirmed the breakout on the key level now where this has a potential of revisiting the next minor resistance level formed close to 52K as highlighted on the chart. A minor retest may be seen on the key level which has already been breached to utilize the buyer's pressure. Any move back inside the key level will invalidate the setup.
Timeframe: DAILY
Analysis: Technical
Structure: Key Level and Reversal
Prediction: Bullish
Bitcoin has confirmed the breakout on the key level now where this has a potential of revisiting the next minor resistance level formed close to 52K as highlighted on the chart. A minor retest may be seen on the key level which has already been breached to utilize the buyer's pressure. Any move back inside the key level will invalidate the setup.
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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.