Bitcoin Price Action Analysis. The Next Big Move?
Bitcoin is moving within an ascending channel, showing strong bullish momentum! However, a key decision point is approaching as the price nears a critical support zone (highlighted in blue). If BTC holds above this level, we could see a strong push towards the $91,500 resistance and potentially break into the $94,700 range.
A well structured risk-to-reward setup is in play, with a potential bullish breakout targeting new highs. Will BTC sustain its momentum, or will we see a retracement before the next leg up? Stay sharp and trade wisely! We will execute our trades only after receiving bullish confirmation.
Use proper stoploss and proper money management.
This is just my analysis. Observe the behavior of price how it will react.
#BTCUSD 2H Technical Analysis Expected Move.
Bitcoin is moving within an ascending channel, showing strong bullish momentum! However, a key decision point is approaching as the price nears a critical support zone (highlighted in blue). If BTC holds above this level, we could see a strong push towards the $91,500 resistance and potentially break into the $94,700 range.
A well structured risk-to-reward setup is in play, with a potential bullish breakout targeting new highs. Will BTC sustain its momentum, or will we see a retracement before the next leg up? Stay sharp and trade wisely! We will execute our trades only after receiving bullish confirmation.
Use proper stoploss and proper money management.
This is just my analysis. Observe the behavior of price how it will react.
#BTCUSD 2H Technical Analysis Expected Move.
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Daily free forex & gold signals ✨
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Join my telegram for free:
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100% Accuracy 🔫
Join my telegram for free:
t.me/Trade_Tactics09
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.