In our last Bitcoin Analysis. we were signalling that we may see a breakout soon. Since that post, we got a massive 30% breakout!
Watch for price to retrace back to the 36K level where we have previous structure. Entry on breakout of the retracement correction.
We have recently broken out of the descending trendline indicating that we are in bullish territory now.
We are now approaching a very interesting level where we can look to add another sell position.
If 39300 is broken, a new uptrend will come.
SUPPORT:= 36400/34400
RESISTANCE:- 39500
Watch for price to retrace back to the 36K level where we have previous structure. Entry on breakout of the retracement correction.
We have recently broken out of the descending trendline indicating that we are in bullish territory now.
We are now approaching a very interesting level where we can look to add another sell position.
If 39300 is broken, a new uptrend will come.
SUPPORT:= 36400/34400
RESISTANCE:- 39500
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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.
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.