I want to share an update on Bitcoin (BTC) within the 6-hour timeframe.
BTC has broken out of a triangle pattern and is showing promising signs. After yesterday's drop to 24.9k, BTC made a commendable recovery, rising back to 26.3k. If you've been following my previous updates, you'll recall that I mentioned support around 24k. Judging by the current state of BTC, it appears we can anticipate further upward movement in the coming days.
In this timeframe, it's important to keep an eye on the 25K level, as a drop below this point could alter the outlook. On a broader timeframe, the solid support rests at 24k.
I trust you find this update informative and valuable for your trading decisions.
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.