After retesting the weekly resistance that turned into support now, Bitcoin reclaimed the daily open and has no major resistances to the upside towards all time high and beyond.
There is a small fight ongoing on lower timeframes. The close of the 4h candle above daily open is important for the immediate outlook. But as long as he day closes above the weekly resistance, the weekly candle closes tonight in bullish territory and gives green light for another leg up towards the psychological interesting target of $50k.
There is a small fight ongoing on lower timeframes. The close of the 4h candle above daily open is important for the immediate outlook. But as long as he day closes above the weekly resistance, the weekly candle closes tonight in bullish territory and gives green light for another leg up towards the psychological interesting target of $50k.
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On the 4h timeframe Bitcoin pushed through the order block and needs one more push to close slightly above the powerbar to confirm bullish momentum and start a new rally.Note
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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.