BTC: Still Bullish but Lacking Momentum
Bitcoin continues to exhibit indecision, with its price action failing to take a clear direction. Even the bullish movements it manages to achieve are notably weak and lack significant momentum.
This ongoing uncertainty increases the likelihood of either scenario playing out, as BTC consolidates further without establishing a definitive trend.
Bullish Scenario: If Bitcoin manages to maintain its position within the current channel, there is potential for a rebound toward the targets of 87,275 and 90,430.
Bearish Scenario: Conversely, a break below the channel could signal further decline, with potential downside targets at 78,800 and 73,830.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Bitcoin continues to exhibit indecision, with its price action failing to take a clear direction. Even the bullish movements it manages to achieve are notably weak and lack significant momentum.
This ongoing uncertainty increases the likelihood of either scenario playing out, as BTC consolidates further without establishing a definitive trend.
Bullish Scenario: If Bitcoin manages to maintain its position within the current channel, there is potential for a rebound toward the targets of 87,275 and 90,430.
Bearish Scenario: Conversely, a break below the channel could signal further decline, with potential downside targets at 78,800 and 73,830.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.