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Can
BTCUSDT Break Past $112K and Set a New All-Time High? Let’s Break It Down...
Trend Analysis
On the H4 timeframe, BTCUSDT has consistently traded above the EMA-90 line, confirming the continuation of a bullish trend. Within this trend, a falling wedge pattern formed, which is typically considered a bullish reversal signal. This pattern was followed by a breakout marked by a bullish Marubozu candle, further strengthening the bullish outlook.
In addition, a bullish crossover appeared on the oscillator, providing additional confirmation of upward momentum. Based on these technical signals, the price is expected to continue its upward move toward the first target at 113,613, with a potential extension to the second target at 117,968.
The outlook remains valid as long as the price stays above the key stop-loss level at 105,681.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin.
Can
BTCUSDT Break Past $112K and Set a New All-Time High? Let’s Break It Down...Trend Analysis
On the H4 timeframe, BTCUSDT has consistently traded above the EMA-90 line, confirming the continuation of a bullish trend. Within this trend, a falling wedge pattern formed, which is typically considered a bullish reversal signal. This pattern was followed by a breakout marked by a bullish Marubozu candle, further strengthening the bullish outlook.
In addition, a bullish crossover appeared on the oscillator, providing additional confirmation of upward momentum. Based on these technical signals, the price is expected to continue its upward move toward the first target at 113,613, with a potential extension to the second target at 117,968.
The outlook remains valid as long as the price stays above the key stop-loss level at 105,681.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin.
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Disclaimer
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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.