The Bitcoin 1-day chart is showing a symmetrical triangle pattern, a strong signal of consolidation before a significant move. With Bitcoin’s prior bullish trend, the pattern suggests a likely breakout to the upside. If Bitcoin breaks above the resistance level near $108,000, it could head toward the $127,000 range, continuing its bullish momentum.
On the other hand, a failure to hold support could lead to a move lower, with critical levels around $92,000 and $89,000 potentially coming into play. This move is expected to set the tone for Bitcoin’s next big trend.
On the other hand, a failure to hold support could lead to a move lower, with critical levels around $92,000 and $89,000 potentially coming into play. This move is expected to set the tone for Bitcoin’s next big trend.
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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.