BitcoinLong
Bitcoin ! BREAKOUT IS THE KEY, BUT IT STILL HAS SOME WAY TO GO
Bitcoin is stationed in an inefficiency zone but with a lot of strength. It undoubtedly had a bullish week, and naturally, after a bullish run, the price needs to take a pause or rest. What better place than our historical zone, which we've marked as an inefficiency zone on the 1-day chart.
Yes, Bitcoin still has a bit more to climb to see the breakout that I've been anticipating.
As we can see, Bitcoin has been in a bearish sequence channel, and from the technical analysis within the channel, I'm aiming for Bitcoin to at least reach 64k this week so we can see a bit more price action.
THE BREAKOUT IS THE KEY, BUT IT STILL HAS SOME WAY TO GO!
So, until Bitcoin breaks my channel or at least reaches 64k, all I can do is wait.
Thank you for supporting my analysis.
Best regards.
Yes, Bitcoin still has a bit more to climb to see the breakout that I've been anticipating.
As we can see, Bitcoin has been in a bearish sequence channel, and from the technical analysis within the channel, I'm aiming for Bitcoin to at least reach 64k this week so we can see a bit more price action.
THE BREAKOUT IS THE KEY, BUT IT STILL HAS SOME WAY TO GO!
So, until Bitcoin breaks my channel or at least reaches 64k, all I can do is wait.
Thank you for supporting my analysis.
Best regards.
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.