Bitcoin price broke and closed above a key resistance level on a daily.
The highlighted blue area also serves as the neckline for a cup and handle pattern.
Given that the cryptocurrency is currently in a bullish trend, this breach is likely to spark a significant uptrend.
I anticipate a rise to 70,000.
For entries, it may be wise to wait for a retest of the broken neckline.
The highlighted blue area also serves as the neckline for a cup and handle pattern.
Given that the cryptocurrency is currently in a bullish trend, this breach is likely to spark a significant uptrend.
I anticipate a rise to 70,000.
For entries, it may be wise to wait for a retest of the broken neckline.
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Join our Telegram channel for daily market update 👇👇
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For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.