Bitcoin Breakout: Pullback and Bullish Continuation Expected
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Bitcoin has recently broken above its previous trendline of highs, signaling a potential bullish momentum. The price is expected to pull back to retest the trendline as support, around the 92,000 level, before continuing its upward trajectory.
If the pullback holds above this support, it could act as a confirmation of the breakout, with a potential target set around the 200,000 level. This aligns with classical technical analysis principles, where a successful retest of a broken trendline often leads to significant upward movement. Key Levels to Watch:
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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.