Good day,
BTCUSDT is showing a bullish trend on the Daily timeframe. The nearest major resistance level is around 114,622.88, with an estimated target near 121,366.58 and an overall bias aiming for approximately 130,161.09.
If the price pulls back but stays within the first or second bullish range areas, the upward trend is likely to continue. These retracements would still be considered healthy corrections within the broader bullish momentum.
However, if the price falls enough to break below the initial low above the trendline, this would signal a loss of bullish momentum and a possible trend reversal.
Trade well and have a positive, fulfilling week.
K.
Not trading advice.
BTCUSDT is showing a bullish trend on the Daily timeframe. The nearest major resistance level is around 114,622.88, with an estimated target near 121,366.58 and an overall bias aiming for approximately 130,161.09.
If the price pulls back but stays within the first or second bullish range areas, the upward trend is likely to continue. These retracements would still be considered healthy corrections within the broader bullish momentum.
However, if the price falls enough to break below the initial low above the trendline, this would signal a loss of bullish momentum and a possible trend reversal.
Trade well and have a positive, fulfilling week.
K.
Not trading advice.
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.