#Bitcoin Current Update ( Daily Time Frame )
Updated
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#BTC Everyone is focused on the Major Trendline
On the daily timeframe Chart, the Major Trendline is being zealously defended by Bitcoin Bulls.
- We might see another 15–18% bullish rally if Bitcoin holds above the Trendline Support (28.4k) and breaks the Wedge upward.
- We might test the Crucial Support around 24.9k, though, if the daily candle closes below the Major Trendline.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC Everyone is focused on the Major Trendline
On the daily timeframe Chart, the Major Trendline is being zealously defended by Bitcoin Bulls.
- We might see another 15–18% bullish rally if Bitcoin holds above the Trendline Support (28.4k) and breaks the Wedge upward.
- We might test the Crucial Support around 24.9k, though, if the daily candle closes below the Major Trendline.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Note
No changes in #Bitcoin
Note
#BTC
The ascending trendline, which is a crucial trendline for bulls to defend, and the MA 50 support are being traded above by BTC. Bearish momentum following MACD crossover is waning. A strong volume comeback from here would signal the return of bullish impetus to the market, while a strong breakdown would signal the confirmation of the negative trend.
Note
#BTCOn shorter time scales, BTC is trading in a falling wedge pattern. Ichimoku cloud resistance is present. The RSI is in a neutral area. The market has a fairly small volume. For bullish confirmation, we must watch for a strong breakout of the falling wedge. If there is a pullback, the falling wedge's support will be tested.
Note
#BTC
BTC is attempting a breakout while trading in a falling wedge. Ichimoku cloud is serving as a barrier. The MACD crossover is indicating a bullish trend. The bullish confirmation would come in the form of a strong falling wedge breakthrough. It will further consolidate in the falling wedge in the event of rejection.
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