BTCUSDT Analysis and Price Outlook 📈
Updated
In the weekly timeframe, BTCUSDT has reached a key resistance level and is attempting to break above it to move higher. The convergence of the MACD indicator indicates buyer commitment. The fact that Bitcoin is still trading above $60,000 shows the strength of this trend.
On the 4-hour timeframe, a triangular pattern has formed, and a breakout above this pattern can confirm the uptrend continuation and the breach of resistance. If the pattern is broken to the downside, the key support at $52,000 could propel Bitcoin higher again. 🚀
On the 4-hour timeframe, a triangular pattern has formed, and a breakout above this pattern can confirm the uptrend continuation and the breach of resistance. If the pattern is broken to the downside, the key support at $52,000 could propel Bitcoin higher again. 🚀
Note
Bitcoin is on a beautiful uptrend and has broken out of the triangle pattern. Enjoy the profits you've made! 📈💰Note
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