BTC: NEXT POSSIBLE MOVE!!
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Bitcoin has successfully broken out from a symmetrical triangle in the 4-hour timeframe. However, a retest of the broken resistance level is likely. Avoid impulsive buying (FOMO) and wait for a potential pullback.
Anticipated Timeline:
Sideways Movement: Expect Bitcoin to trade sideways for the next week or two.
Retest: A retest of the broken resistance level (around 60k) is probable.
Post-Retest Outlook:
Bullish Momentum: A successful retest and subsequent close above the resistance could ignite a strong rally.
Target: The next major target is 80k.
What are your thoughts on BTC's current price action? Share your analysis in the comments!
Appreciate a like and follow if this analysis helps!
Bitcoin has successfully broken out from a symmetrical triangle in the 4-hour timeframe. However, a retest of the broken resistance level is likely. Avoid impulsive buying (FOMO) and wait for a potential pullback.
Anticipated Timeline:
Sideways Movement: Expect Bitcoin to trade sideways for the next week or two.
Retest: A retest of the broken resistance level (around 60k) is probable.
Post-Retest Outlook:
Bullish Momentum: A successful retest and subsequent close above the resistance could ignite a strong rally.
Target: The next major target is 80k.
What are your thoughts on BTC's current price action? Share your analysis in the comments!
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