Bitcoin is currently testing the upper boundary of an ascending channel. The key resistance level lies around 104,463, and a breakout above this level could signal further bullish continuation toward the channel top (green path).
However, if the price fails to break and hold above this resistance, a pullback scenario becomes likely (red path), potentially targeting the midline of the channel or even the lower trendline (WP area).
Let’s see how price reacts at this critical level.
However, if the price fails to break and hold above this resistance, a pullback scenario becomes likely (red path), potentially targeting the midline of the channel or even the lower trendline (WP area).
Let’s see how price reacts at this critical level.
Trade closed: target reached
crossed fingers
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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.