Bitcoin / TetherUS
Short

Technical Analysis of Bitcoin on H4 Timeframe - 19/08/2024:

75
- Expanding Wedge Pattern: Bitcoin is currently trading within an expanding wedge pattern, with the price fluctuating between $60,190 and $53,639. This pattern indicates a market in consolidation, with a tug-of-war between buyers and sellers.

- Price Scenarios: In the near term, it is highly likely that Bitcoin will continue to trade sideways within this range. However, if the price breaks out beyond this range, it will determine the next significant trend. Specifically, if Bitcoin breaks above $60,190, it would signal the formation of a bullish trend. Conversely, a breakdown below $53,639 could lead to a further decline.

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.