btc will continue to rise
Updated
The latest chart you've shared illustrates the bullish flag and descending broadening triangle pattern within a larger uptrend. If the bullish scenario plays out, the targets can be anticipated as follows:
1. Bullish Target 1 at $85,643: A breakout from the current flag could lead Bitcoin towards this first major resistance level.
2. Bullish Target 2 at $102,304: If momentum continues, the next resistance would be around the psychological 100K mark.
Bearish Scenario:
- If Bitcoin fails to break out from the flag, there could be a retest of the lower trendline:
- Bearish Target 1 at $55,567: A drop to the 0.618 Fibonacci level.
- Bearish Target 2 at $44,714: Further decline towards the 0.382 Fibonacci level.
- Bearish Target 3 at $38,000: The lowest support in the broader descending channel.
This setup reflects both potential upside and downside risks, with key levels to watch for directional confirmation. Bitcoin's current position at $60,800 shows resilience, but the next few moves will be critical for determining whether it breaks above or retraces towards the lower targets.
1. Bullish Target 1 at $85,643: A breakout from the current flag could lead Bitcoin towards this first major resistance level.
2. Bullish Target 2 at $102,304: If momentum continues, the next resistance would be around the psychological 100K mark.
Bearish Scenario:
- If Bitcoin fails to break out from the flag, there could be a retest of the lower trendline:
- Bearish Target 1 at $55,567: A drop to the 0.618 Fibonacci level.
- Bearish Target 2 at $44,714: Further decline towards the 0.382 Fibonacci level.
- Bearish Target 3 at $38,000: The lowest support in the broader descending channel.
This setup reflects both potential upside and downside risks, with key levels to watch for directional confirmation. Bitcoin's current position at $60,800 shows resilience, but the next few moves will be critical for determining whether it breaks above or retraces towards the lower targets.
Trade active
If you like trading gold, oil, Forex cryptocurrencies. But you don't know how to trade and you don't know how to expand your profits. I don't know how to cut my losses. Come with me. Everything's gonna be okay.Trade active
A lot of people don't understand the purpose of my aggressive trading. In fact, I want to help more people out. I've been in this business for 15 years and I've seen too many people get dragged down by the ups and downs of the market. I really hope I can make a difference. If you are distressed because your account is losing money or your account is locked out, you can contact me. No matter how much money you have, you can always get my help!Trade active
Everyone has been greatly helped today by our internal signals. If you need help now, come with meTrade active
If your transaction is trapped, please contact me as soon as possible and I will find a way to help you. Don't wait until your account is completely burned before contacting me.Trade active
I was right. He's on a slow rise. Contact me if you need helpTrade active
Gold fell sharply as the US jobless benefit data came in line with our expectations and the dollar also rose.Trade active
2450 - 2462 - 2482Trade active
Dear friend, hello
This week there are very important news data to be released, , NFP, which will cause huge fluctuations in the market, which also means that we will have more opportunities to make money. If you are not a professional trader and cannot control the reality announced in the news, then I suggest that you better not trade alone, otherwise your account will be very dangerous and may be easily burned. Of course, if you want to make a lot of money, you can also contact me, because I have a friend working in the Federal Reserve, I can get some inside information in advance, I know the high probability trend of gold, crude oil, Bitcoin, and the US dollar, I can guarantee that as long as you contact me, we will get more than 400% profit.
Trade active
If you like trading gold oil Forex cryptocurrencies. But you don't know how to trade and you don't know how to expand your profits. I don't know how to cut my losses. You can contact me. I'll help you, and everything will be the best.Trade active
If you are still trading alone and don't know what to do in the face of losses, maybe you can contact me, no matter how much money you have, I will help you!Trade active
I hope everyone can pay attention to their own trading, pay attention to their own funds, choose a reliable trader! If you are not willing to cooperate with others, but you do not have the ability to make money on your own, then I sincerely advise you to leave the market! This is the best advice!Trade active
Brother, do you come to the market to make money or to gamble? If you want to make money, come with me. Do as I say, and you'll double your profits. Let your profits grow. As long as you keep at it, your steady weekly profit will be at least between 50% and 200%. Don't wait until your account balance hits zero to realize there's something wrong with the way you're trading.Trade active
This market is cruel, it is a financial battlefield without smoke, there are many fake traders without real analytical ability! They rely on luck to issue trading signals and then cheat their clients out of profit commissions! If they're unlucky, your account loses everything!Trade active
Many people don’t understand the purpose of my active trading. In fact, I also want to help more people get out of trouble. I have been in the industry for fifteen years and have seen too many people fall into troughs due to the ups and downs of the market. I am very I want to be able to contribute to everyone. If you are feeling distressed because your account is losing money or your account is locked, you can contact me. No matter how much money you have, you can get my help!Trade active
Every time I write an analysis, I want my friends to learn something. In this market, there are rough waters beneath the surface of calm. Many friends enter easily, but often scarred. Many friends come to me for help every day. I hope I can help more people, just like my own positioning for this job is service. People are mutual, trust is the beginning of cooperation. No matter how much money you have, if your account is losing money, or your account is locked, or you are a new trader, you can contact me and I will help you!Trade active
Brother, do you come to the market to make money or to gamble? If you want to make money, come with me. Do as I say, and you'll double your profits. Let your profits grow. As long as you keep at it, your steady weekly profit will be at least between 50% and 200%. Don't wait until your account balance hits zero to realize there's something wrong with the way you're trading.
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.