BTC has reached new all-time highs, as expected and stated in previous analyses done here. Now, after correcting more or less 12% from the last high, it appears to be breaking out of a falling/descending wedge, which is bullish. BTC is also above the fixed range volume profile (FRVP) support. Additionally, it has rebounded from the middle moving average of the Bollinger Bands (21, 2) in the daily candles.
Technically, this is sufficient to resume the uptrend.
Technically, this is sufficient to resume the uptrend.
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.