BITCOIN → The bulls are ready to break resistance. 71K or 73K?

18 mai

BTCUSD , after a shake-up (False Breakout), relative to the liquidity zone of 59-60K, is forming a bullish impulse, which is also favorably influenced by fundamental reasons



On the local timeframe there are signs of the end of the locational correction and the beginning of the formation of the third wave. The bullish trend is starting to revive, but there are quite a few key areas ahead that can hold the level.
Yesterday, after the bulls held the defense above 64500-65000, the buyers started to push the price up and tested the resistance 67250 with a false breakdown. There is no fall after the false breakdown, a pre-breakdown consolidation is forming. Bulls are still collecting positions with the breakout target and are ready to go all the way.



On W1 the picture is very interesting and this correction has the character of consolidation. Huge volume is being collected from the strong buyer side. The distribution phase that will start after the consolidation is over could continue the bullish trend if the buyers are persistent.

Resistance levels: 67250, 71500, 73700
Support levels: 65250, 64500, 61500

Bitcoin looks quite bullish right now. High interest, favorable fundamental background can affect the strengthening of the price. At the moment it is worth paying attention to these levels, the breakthrough of which may give a continuation of movement, the targets are indicated on the chart

BTC1! BTC TOTAL

Regards R. Linda!

18 mai

Transaction en cours

Consolidation near the level continues
There was an attempt at a breakout during the day, but the consolidation is not yet complete.

19 mai

Transaction en cours

19 mai

Transaction en cours

An attempt to break through resistance is forming

19 mai

Note

Big players continue to invest in Bitcoin - an unknown whale has bought $100,000,000+ worth of BTC in the past 24 hours.

20 mai

Note

On the local timeframe a shaking and subsequent return to the level (retest) is formed

20 mai

Transaction en cours

20 mai

Transaction en cours

Bitcoin is testing 68K

20 mai

Transaction en cours

The 67250 breakthrough took place :)

At the moment the price is testing 69500
+3.4% in moment ;)

21 mai

Transaction en cours

71500

21 mai

Transaction en cours

From resistance 71570 (after reaching the target and forming a false breakdown) a correction is formed.
We are waiting for a retest or consolidation near 71570 with the goal to continue growth
Fundamentally and technically bitcoin is strong

22 mai

Transaction en cours

A false breakout leads to a correction.
Traders may test 69K
If the bulls hold this zone, then the price will head towards 72-73K.

23 mai

Transaction en cours

Correction before possible news related to ETH-ETFs