This is a 15-minute Bitcoin (BTC/USD) chart showing a potential bullish breakout scenario. Price has broken above a key resistance zone (gray shaded area) and is forming a possible bullish continuation pattern (ABCD structure). The red projection indicates a bullish price target towards the 119,750–120,000 USD resistance area (blue line). Confirmation of breakout and sustained momentum above the gray zone would validate the bullish outlook.
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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.