Bitcoin transaction analysis
Bitcoin is still fluctuating and has not yet broken out of the consolidation zone. As long as the price does not close above the resistance level, we cannot expect further gains.
Here are two possible scenarios:
1. Bullish scenario: If the price successfully breaks out of the resistance level and closes above it, we can expect the uptrend to continue.
2. Corrective scenario: This scenario seems more likely, with the price retracing to the support level and then starting another upward move.
A confirmed breakout of the resistance level would signal further growth, but until then, a return to the support level remains the more likely scenario.
Here are two possible scenarios:
1. Bullish scenario: If the price successfully breaks out of the resistance level and closes above it, we can expect the uptrend to continue.
2. Corrective scenario: This scenario seems more likely, with the price retracing to the support level and then starting another upward move.
A confirmed breakout of the resistance level would signal further growth, but until then, a return to the support level remains the more likely scenario.
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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.