BITCOIN FAKE BREAKOUT ON SUPPORT, WHAT'S NEXT?🚀
Bitcoin recently experienced a false breakout below a key support level within the daily timeframe. This event hinted at a potential reversal, marked by a robust recovery from the previous sell-off, rebounding to the 57k-56k range. Re-entering the demand zone signaled a bullish sentiment, and yet another rejection occurred at the major trend line.
The anticipation of a bullish rally hinges on a breakout above this trend line. Until then, expectations of a significant upward movement remain uncertain. However, if such a breakout materializes, the next significant resistance level is anticipated around 71k.
Conversely, should Bitcoin falter once more within the demand zone and undergo a bearish breakout, the bullish outlook would be nullified.
The anticipation of a bullish rally hinges on a breakout above this trend line. Until then, expectations of a significant upward movement remain uncertain. However, if such a breakout materializes, the next significant resistance level is anticipated around 71k.
Conversely, should Bitcoin falter once more within the demand zone and undergo a bearish breakout, the bullish outlook would be nullified.
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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.