BTCUSDT Technical Analysis: Higher Timeframe Outlook
On the weekly timeframe, BTCUSDT has exhibited a robust bullish trend with phases of consolidation and corrections since early 2022. The chart reveals that BTC has been trading within a parallel channel for an extended period. Historically, when BTC reaches the middle line of this channel, it either experiences a downward pullback or a breakout.
Recently, the bounce off the middle line appears to be indicating a significant bullish correction. Should BTC break above its previous all-time high (ATH) once again, there's a potential to reach a new ATH of 200k.
Recently, the bounce off the middle line appears to be indicating a significant bullish correction. Should BTC break above its previous all-time high (ATH) once again, there's a potential to reach a new ATH of 200k.
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.