Here is a quick analysis based on the new BTC/USD chart.
The chart shows a significant upward trend in Bitcoin's price. It seems that the price has broken out of the previous consolidation channel and is now heading towards a major ascending resistance area, the upper boundary of which represents nearly $100,000.
Bitcoin maintains an upward trajectory with strong support from the lower trend lines.
The $88,000 to $100,000 target area is a strong resistance area where we could see some price consolidation or rejection.
If BTC can break this resistance with strong momentum, it could signal a substantial long-term bullish phase.
Be wary of potential pullbacks as BTC approaches these key resistance areas. Let me know if you would like more information on specific indicators or trendlines!
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
Bitcoin maintains an upward trajectory with strong support from the lower trend lines.
The $88,000 to $100,000 target area is a strong resistance area where we could see some price consolidation or rejection.
If BTC can break this resistance with strong momentum, it could signal a substantial long-term bullish phase.
Be wary of potential pullbacks as BTC approaches these key resistance areas. Let me know if you would like more information on specific indicators or trendlines!
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
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