BTC Market Update:
Currently, BTC is exhibiting a bullish trend, having broken through its previous resistance levels and pushing upwards from its pivot demand arrays. This upward momentum is further validated by the formation of a bullish order block (BOS), indicating a strong potential for continued growth.
On higher time frames, BTC's price action is aligning with its pivot demand arrays, reinforcing the bullish outlook. Additionally, the recent SMT (Smart Money Technique) formation suggests a potential for further upside movement.
We are anticipating a pullback to the marked inverse FVG (Fair Value Gap) zone, which will likely provide confirmation for the next leg up. If confirmed, BTC could potentially surge towards its daily or range high levels.
We will continue to monitor the market closely and await confirmation before making further assessments.
Currently, BTC is exhibiting a bullish trend, having broken through its previous resistance levels and pushing upwards from its pivot demand arrays. This upward momentum is further validated by the formation of a bullish order block (BOS), indicating a strong potential for continued growth.
On higher time frames, BTC's price action is aligning with its pivot demand arrays, reinforcing the bullish outlook. Additionally, the recent SMT (Smart Money Technique) formation suggests a potential for further upside movement.
We are anticipating a pullback to the marked inverse FVG (Fair Value Gap) zone, which will likely provide confirmation for the next leg up. If confirmed, BTC could potentially surge towards its daily or range high levels.
We will continue to monitor the market closely and await confirmation before making further assessments.
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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.