Bitcoin Short-Term Outlook: Watching Key Levels
Since March 26, Bitcoin has been consolidating in a range. A closer hourly analysis shows the formation of an ascending wedge, broken at $70,000. Following this breakout, the price dropped to $68,000 before rising again to retest $67,000 or $62000. This price action is very important. If Bitcoin fails to clear $70,200 and sustains a three-hour candle above this level, it signals potential future growth.
Since March 26, Bitcoin has been consolidating in a range. A closer hourly analysis shows the formation of an ascending wedge, broken at $70,000. Following this breakout, the price dropped to $68,000 before rising again to retest $67,000 or $62000. This price action is very important. If Bitcoin fails to clear $70,200 and sustains a three-hour candle above this level, it signals potential future growth.
Note
Note
The price has followed option 2Note
Note
Note
BTC returns to OB and then back up
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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.