Here we are looking at BTCUSD on the Daily TF…
As you can see, there is an ascending channel that Bitcoin has been trading within since late January of this year. Currently, Bitcoin is trying to break through the $25,000 resistance zone, but has been shot back down each of its attempts to break to the upside.
So what may we expect next for Bitcoin?
If Bitcoin is able to break to the upside (a break and bounce above
25K), I would expect BTC to make a run to $30,000 (top yellow line)
If Bitcoin is unable to break, and fails to hold the support of the blue parallel channel, I expect it to make a move to the bottom yellow line to about $18,700!
It’s as simple as that…
Let me know what you think BTC is going to do next in the comments!
Cheers!!
As you can see, there is an ascending channel that Bitcoin has been trading within since late January of this year. Currently, Bitcoin is trying to break through the $25,000 resistance zone, but has been shot back down each of its attempts to break to the upside.
So what may we expect next for Bitcoin?
If Bitcoin is able to break to the upside (a break and bounce above
25K), I would expect BTC to make a run to $30,000 (top yellow line) If Bitcoin is unable to break, and fails to hold the support of the blue parallel channel, I expect it to make a move to the bottom yellow line to about $18,700!
It’s as simple as that…
Let me know what you think BTC is going to do next in the comments!
Cheers!!
To see my exact trades:
Stocks: inthemoneystocks.com/verified-investing-alerts/
Crypto: verifiedinvesting.com/
Stocks: inthemoneystocks.com/verified-investing-alerts/
Crypto: verifiedinvesting.com/
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.
To see my exact trades:
Stocks: inthemoneystocks.com/verified-investing-alerts/
Crypto: verifiedinvesting.com/
Stocks: inthemoneystocks.com/verified-investing-alerts/
Crypto: verifiedinvesting.com/
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.