Currently, the price maintains strong bullish momentum following a breakout from the consolidation zone between 2,998 and 2,982. For today, a correction is expected from the current level to the previous support range of 2,998–2,982. After this retracement, the price is anticipated to regain upward momentum, targeting the next new level at 3,060.
The price corrected below the all-time high (ATH) before rising and breaking above the (ATM). It is currently trading above this level, which is expected to support further upward movement toward a new high.
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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.