Good Afternoon traders!
Bitcoin is currently looking to test its Resistance Level / Supply level .
If Bitcoin is able to break above our Inverse H&S neckline we can expect a possible Mid Term target of $8,000 USD for Bitcoin
Our first major resistance level being $7,200 USD.
Stay vigilant traders, we must first break above this structure. A rejection within our Supply Zone is still in the books.
Bitcoin is currently looking to test its Resistance Level / Supply level .
If Bitcoin is able to break above our Inverse H&S neckline we can expect a possible Mid Term target of $8,000 USD for Bitcoin
Our first major resistance level being $7,200 USD.
Stay vigilant traders, we must first break above this structure. A rejection within our Supply Zone is still in the books.
Trade fermée: cible de profit atteinte:
$8,000 target has been hit.
What now? Bitcoin will likely correct into the $6,800 USD previous resistance level and range in between $6,800-$7,200 for a while before we can see $8,000 USD.
Do not forget to take profits into USD and USDT as Bitcoin rises, not when it is dropping!