Bitcoin Decision is Here!
Updated
Hello, traders!
Today, we’re going to analyze BTC in a weekly timeframe.
In the next 7 hours, BTC will likely confirm a major breakout with a weekly close above the parallel channel resistance. BTC has been attempting to break above this resistance for quite some time, and it looks like the breakout is finally happening.
A weekly close above the resistance will confirm a major bullish scenario for Bitcoin, setting its primary target at the all-time high of 73.7k.
On the daily timeframe, BTC is at a critical resistance, and a daily close above it will provide double confirmation.
We’ll wait for the weekly close and see what BTC has in store.
Trade safely!
Today, we’re going to analyze BTC in a weekly timeframe.
In the next 7 hours, BTC will likely confirm a major breakout with a weekly close above the parallel channel resistance. BTC has been attempting to break above this resistance for quite some time, and it looks like the breakout is finally happening.
A weekly close above the resistance will confirm a major bullish scenario for Bitcoin, setting its primary target at the all-time high of 73.7k.
On the daily timeframe, BTC is at a critical resistance, and a daily close above it will provide double confirmation.
We’ll wait for the weekly close and see what BTC has in store.
Trade safely!
Trade active
It’s happening, guys!
I hope this turns out to be a retest on the weekly timeframe.
I’m expecting a rejection, or what could be considered a retest (according to the weekly timeframe), down to 62k.
What do you guys think?
#BTCUSD #Crypto #BTC
Note
Here we go!
BTC is moving as expected. The breakout, retest, and rebound pattern is in play. Two weeks ago, BTC broke above the resistance; last week, it retested, and this week it’s showing a rebound.
Let’s see if BTC can reach an all-time high because, according to our analysis, that’s the target.
Trade safely.
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