A significant shift in Bitcoin's trend has been observed, as the upward parallel channel has given way to a top-bottom flat channel. This change in trend direction is clearly captured in the chart patterns.
Currently, Bitcoin is testing the support line of the newly formed top-bottom flat channel. A reversal from this level could spark a substantial upward move. Our analysis suggests that Bitcoin is poised to retest the $100,000 level.
Trading Strategy
-Signal: BUY Bitcoin (BTC)
-Entry Zone: 94000 - 94500
Target Prices:
1. TP1: 96200
2. TP2: 98000
3. TP3: 100000
Stop Loss: 92500
Follow my professional profile and support me as I can post more profitable ideas for you guys.
Currently, Bitcoin is testing the support line of the newly formed top-bottom flat channel. A reversal from this level could spark a substantial upward move. Our analysis suggests that Bitcoin is poised to retest the $100,000 level.
Trading Strategy
-Signal: BUY Bitcoin (BTC)
-Entry Zone: 94000 - 94500
Target Prices:
1. TP1: 96200
2. TP2: 98000
3. TP3: 100000
Stop Loss: 92500
Follow my professional profile and support me as I can post more profitable ideas for you guys.
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.
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.