Current Price: Bitcoin trading at $62,741 with an intraday higher price rejection candle.
Volume Surge: A 60% surge in trading volume within 24 hours supports price reversal.
Price Rejection: Third successful bounce from the crucial $60,000 demand zone.
End of Correction: The price jump signals the end of the correction phase.
A potential Triple White Soldier Pattern indicates strong bullish momentum.
Sideways Trend: Four-month lateral trend hints at a potential breakout.
Inverted Head and Shoulders: Neckline acts as strong resistance; pattern suggests a bullish breakout.
Bull Flag Pattern: Combining the recent trends, a bullish flag is identified.
Channel Breakout: Recent reversal suggests a breakout from the current channel.
MACD Indicator: Bullish crossover supports the uptrend.
Retail Demand: High chances of increased retail demand near $60,000.
Fibonacci Targets: Potential targets include $68,823 (23.60% level) and $81,873 (61.80% level).
Volume Surge: A 60% surge in trading volume within 24 hours supports price reversal.
Price Rejection: Third successful bounce from the crucial $60,000 demand zone.
End of Correction: The price jump signals the end of the correction phase.
A potential Triple White Soldier Pattern indicates strong bullish momentum.
Sideways Trend: Four-month lateral trend hints at a potential breakout.
Inverted Head and Shoulders: Neckline acts as strong resistance; pattern suggests a bullish breakout.
Bull Flag Pattern: Combining the recent trends, a bullish flag is identified.
Channel Breakout: Recent reversal suggests a breakout from the current channel.
MACD Indicator: Bullish crossover supports the uptrend.
Retail Demand: High chances of increased retail demand near $60,000.
Fibonacci Targets: Potential targets include $68,823 (23.60% level) and $81,873 (61.80% level).
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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.
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.