The price perfectly fulfilled my last idea. 
BTCUSDT market is showing an upward trend on the 1H timeframe with higher highs and higher lows. Recently, it broke through the downward trendline and extended upwards, currently testing last week's high, where a potential pullback may form. However, when we zoom out, we can see that the price is forming an ABC pattern aimed at the psychological level of 90,000. It is possible that the price could range around this level before moving higher since the markets tend to consolidate around key level before breakout. Unless unexpected events drive the market lower, I think that with the current momentum, the price is likely to retest the area above the 90,000 mark. My goal is resistance zone around 89,000
BTCUSDT market is showing an upward trend on the 1H timeframe with higher highs and higher lows. Recently, it broke through the downward trendline and extended upwards, currently testing last week's high, where a potential pullback may form. However, when we zoom out, we can see that the price is forming an ABC pattern aimed at the psychological level of 90,000. It is possible that the price could range around this level before moving higher since the markets tend to consolidate around key level before breakout. Unless unexpected events drive the market lower, I think that with the current momentum, the price is likely to retest the area above the 90,000 mark. My goal is resistance zone around 89,000Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
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🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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Disclaimer
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💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.