BTC: Uptrend remains strong despite a slight sell-off
From our previous analysis, BTC rose beyond our first target and turned back down.
Once again BTC proved to be the market favorite, reaching a new all-time high near 124500.
So far we can see a sell-off that could be a profit from the unknown, but the price is already preparing to face a strong price barrier.
BTC remains bullish, and as long as we don’t see any sign from the bears, the chances of an uptrend remain high.
Don’t forget that Trump Media holds $2 billion in BTC, bets $300 million in options.
Even if it moves a little lower, I think the price should continue to rise further to 126k and 130k.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
From our previous analysis, BTC rose beyond our first target and turned back down.
Once again BTC proved to be the market favorite, reaching a new all-time high near 124500.
So far we can see a sell-off that could be a profit from the unknown, but the price is already preparing to face a strong price barrier.
BTC remains bullish, and as long as we don’t see any sign from the bears, the chances of an uptrend remain high.
Don’t forget that Trump Media holds $2 billion in BTC, bets $300 million in options.
Even if it moves a little lower, I think the price should continue to rise further to 126k and 130k.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Related publications
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.