Hello Traders! 👋
What are your thoughts on BITCOIN?
Bitcoin has recently posted a new all-time high and is now undergoing a healthy correction. This pullback is expected to extend toward a key support zone, which aligns with both the previous breakout level and the bottom of the ascending channel.
Once the correction is completed near the channel support / previous high, we anticipate a bullish continuation.
The next leg higher could take Bitcoin toward the upper boundary of the current channel.
As long as price remains above the key support area, the overall structure stays bullish and this correction is likely to be a buy-the-dip opportunity within a broader uptrend.
Will Bitcoin use this pullback as a launchpad for new highs? Share your view in the comments! 🤔👇
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on BITCOIN?
Bitcoin has recently posted a new all-time high and is now undergoing a healthy correction. This pullback is expected to extend toward a key support zone, which aligns with both the previous breakout level and the bottom of the ascending channel.
Once the correction is completed near the channel support / previous high, we anticipate a bullish continuation.
The next leg higher could take Bitcoin toward the upper boundary of the current channel.
As long as price remains above the key support area, the overall structure stays bullish and this correction is likely to be a buy-the-dip opportunity within a broader uptrend.
Will Bitcoin use this pullback as a launchpad for new highs? Share your view in the comments! 🤔👇
Don’t forget to like and share your thoughts in the comments! ❤️
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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.
✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
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.