Bitcoin Breaking the Horn or Sounding the Trumpet?
In my last post on November 28, 2024, I discussed Bitcoin’s rising wedge and wondered if the “horn of doom” would break bearish or bullish. Since then, Bitcoin has surged, flowing its trumpet all the way to $108,388.88.
Fast forward to today, and Bitcoin is once again at a critical juncture. For the past few days, it’s been trying to break through resistance at $99,264.37 the Fibonacci 0.786 level but has failed repeatedly.
The big question is:
👉 Will Bitcoin blast through this key level and flip the trend around?
👉 Or are we looking at a possible retest of the Fibonacci 0.5 level?
This could be the moment where Bitcoin either reignites its bullish momentum or takes a breather before the next big move.
What do you think?
📉 Bearish retest or 📈 bullish breakout?
Drop your comments below and share your thoughts!
Fast forward to today, and Bitcoin is once again at a critical juncture. For the past few days, it’s been trying to break through resistance at $99,264.37 the Fibonacci 0.786 level but has failed repeatedly.
The big question is:
👉 Will Bitcoin blast through this key level and flip the trend around?
👉 Or are we looking at a possible retest of the Fibonacci 0.5 level?
This could be the moment where Bitcoin either reignites its bullish momentum or takes a breather before the next big move.
What do you think?
📉 Bearish retest or 📈 bullish breakout?
Drop your comments below and share your thoughts!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.