Bitcoin right below resistance, potential for bullish breakout!

Bitcoin is seeing major resistance at 11694 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance) which needs to be broken to open a potential rise to 12985 resistance (Fibonacci retracement, horizontal overlap resistance). It’s important to note that we’ve seen a bullish exit of our long term descending resistance-turned-support line too signaling a change in momentum from bearish to bullish. We’re also holding really well above our Ichimoku cloud support.

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Bitcoin (Cryptocurrency)bitcoinideabitcoinlongbitcoinshortBTCUSDbtcusdideabtcusdlongbtcusdshortChart PatternsCryptocurrencyHarmonic PatternsTrend Analysis

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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