Bitcoin is currently showing strong momentum as it has broken through a previous price breaker level, which is a significant resistance point. This indicates that the market is gaining bullish strength. If Bitcoin continues this upward movement and breaks the key level of $60,250, it could confirm a bullish pattern, signaling the potential for further gains. A...
Bitcoin has been consolidating within a range for some time, and might have the potential to make a significant move to the upside based on its price action and technical analysis. This idea is based on trend-based Fibonacci retracement and regression trend analysis of the BTC/USD chart, using the daily timeframe.
Chart Setup and Key Levels:
To begin with, let's...
