Market Overview:
Bitcoin (BTC) is currently testing the upper resistance level of its bull flag formation around $68,000.
Recent price action shows a higher high compared to the previous highs from late September and August, confirming a bullish trend on higher time frames.
Key Levels to Watch:
Resistance: $68,000 (bull flag top)
Target: $70,000 (next psychological level)
Outlook:
Given the upward momentum, BTC is likely to consolidate in the $68,000 range for a few days before attempting a breakout.
A successful move above this resistance could pave the way for a test of the $70,000 level.
#BTC #Bitcoin #PriceAnalysis #BullFlag #CryptoMarket
Bitcoin (BTC) is currently testing the upper resistance level of its bull flag formation around $68,000.
Recent price action shows a higher high compared to the previous highs from late September and August, confirming a bullish trend on higher time frames.
Key Levels to Watch:
Resistance: $68,000 (bull flag top)
Target: $70,000 (next psychological level)
Outlook:
Given the upward momentum, BTC is likely to consolidate in the $68,000 range for a few days before attempting a breakout.
A successful move above this resistance could pave the way for a test of the $70,000 level.
#BTC #Bitcoin #PriceAnalysis #BullFlag #CryptoMarket
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.
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.