We've been closely monitoring Bitcoin's performance and it's time for an update. We've reached the third and crucial test of a major resistance level, and things are looking promising. 🎯
First Resistance: 29,900 - 30,000 🛑 The first resistance level we're facing is between 29,900 and 30,000. This is a key area to watch, as breaking through it could set the stage for tackling the next resistance level.
Second Resistance: 31,000 - 31,600 🚧 The second resistance level is a bit tougher, lying between 31,000 and 31,600. This is the real test. If we can break through this, the path to higher levels becomes much clearer.
The Big Picture 🌍 According to my analysis, there's a 60% chance that we'll break through the 31K resistance. If that happens, we could see Bitcoin soar to the 44-45K range, a very doable and likely scenario. 🚀
Why the Third Test Matters 🤔 In trading, the third test often proves to be the decisive one. It's like the market is finally ready to make a move, and this could be our moment. 1,2,3 Go on 15min: (it works on all timeframes)
Final Thoughts 🤑 Keep a close eye on these resistance levels. If Bitcoin can break through, we could be looking at a significant uptrend. Let's see if the third time really is the charm!
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.