BTCUSD has formed a triangle pattern, typically indicative of trend continuation. The pattern is characterized by higher lows, reflecting strong buying pressure. After reaching an all-time high (ATH) of approximately $93,000, the price retraced but consistently found support around the $90,000 level, aligning with the upward trendline. This behavior suggests that the market is respecting this support level. Given the recent breakout from the downward channel, the triangle pattern may play out, potentially leading to a new ATH. The target is the resistance zone around $95,000
Trade closed: target reached
BTCUSD target Reached!Price went up over 3.3% since the analysis was published
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Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.