BITCOIN Crucial Breakout or Pullback Ahead?
Updated
As I illustrated in the previous analysis,
The price is currently forming a new parallel channel between the price range of $63,000 and $69,000.
According to the volume and price chart,
It is approaching an important resistance level at $68,000 once again.
If it breaks this level upwards and sustains above it,
We will witness a relatively good growth and it will hit our main target of $70,000.
However, if it fails to maintain above this level,
We will see a decline and a ranging market similar to last week.
📖💡 Feel free to express your perspective by commenting below. Thanks! 🐋
The price is currently forming a new parallel channel between the price range of $63,000 and $69,000.
According to the volume and price chart,
It is approaching an important resistance level at $68,000 once again.
If it breaks this level upwards and sustains above it,
We will witness a relatively good growth and it will hit our main target of $70,000.
However, if it fails to maintain above this level,
We will see a decline and a ranging market similar to last week.
📖💡 Feel free to express your perspective by commenting below. Thanks! 🐋
Trade active
breakout and pumping.Trade active
still activeNote
support is touching.
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