BTCUSD Price forecast Bullish Moment
Chart Breakdown – Potential Reversal in Play (USD)
We’ve just seen a strong break above the descending channel, hinting at a bullish reversal in motion.
Price action shows a clear BOS (Break of Structure) with momentum.
Market respected a parallel channel during the downtrend.
A sharp bounce from the lows flipped key resistance into support.
Trade Setup:
Entry Level: 81.900
First Target: 83,820
Second Target: 85,744
Final Target: 88,560
Invalidation Level: Below 81,174
Plan:
Looking for a retest near 82.180 to enter long. If this level holds, we can expect bullish continuation to 85k+ and possibly 88.5k. Strong RR setup with clean structure.
Bias: Bullish – Riding the momentum with structure support below.
Drop a comment if you're in or watching this setup!
Chart Breakdown – Potential Reversal in Play (USD)
We’ve just seen a strong break above the descending channel, hinting at a bullish reversal in motion.
Price action shows a clear BOS (Break of Structure) with momentum.
Market respected a parallel channel during the downtrend.
A sharp bounce from the lows flipped key resistance into support.
Trade Setup:
Entry Level: 81.900
First Target: 83,820
Second Target: 85,744
Final Target: 88,560
Invalidation Level: Below 81,174
Plan:
Looking for a retest near 82.180 to enter long. If this level holds, we can expect bullish continuation to 85k+ and possibly 88.5k. Strong RR setup with clean structure.
Bias: Bullish – Riding the momentum with structure support below.
Drop a comment if you're in or watching this setup!
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Related publications
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.