Bitcoin Long Opportunity
I’m spotting a reverse head and shoulders pattern on the daily chart backed by the positive RSI divergence. The key level I’m watching is $64,000 for a breakout.
A consolidation above or at this level could lead to a push towards the previous ATH and possibly higher.
Additionally, keep an eye on September 18th, Federal Reserve’s interest rate decision could significantly influence market. A breakout around this date may provide the momentum needed for a strong move up.
A consolidation above or at this level could lead to a push towards the previous ATH and possibly higher.
Additionally, keep an eye on September 18th, Federal Reserve’s interest rate decision could significantly influence market. A breakout around this date may provide the momentum needed for a strong move up.
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.