BitcoinLong
Bitcoin wakes up, and a short-term bullish trend is confirmed
After 46 days of sideways trading, Bitcoin surged upward on January 6, breaking above the December 26 high—the right shoulder of a large head-and-shoulders pattern. This breakout signals a short-term bullish trend, with resistance levels at 104.74k and 107.7k.
A downside move seems unlikely, but if it happens, support is expected around 100k, with the bullish outlook intact as long as the price stays above 98.36k.
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A downside move seems unlikely, but if it happens, support is expected around 100k, with the bullish outlook intact as long as the price stays above 98.36k.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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