Bitcoin break out and upside potential
Updated
Bitcoin consolidated in some sort of triangle and broke out earlier today.
If it closes above $8.500, the next key level would be around $9.000, right beneath the 200d SMA and the golden pocket area.
If also broken, the larger triangle mentioned last week could be in play with a target around 10-11k.
If it closes above $8.500, the next key level would be around $9.000, right beneath the 200d SMA and the golden pocket area.
If also broken, the larger triangle mentioned last week could be in play with a target around 10-11k.
Note
#Bitcoin stopped for now on the 0.618 Fibonacci retracement & the 1.6 extension for the C wave. Usually, these levels are harder to overcome and 
BTC more often than not gets rejected during downtrends there.If it wants to go higher… expect a little bit of consolidation here.
Creating a sustainable state of financial freedom for all followers through „technical smartness“
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.