Hello Traders! 👋
What are your thoughts on BITCOIN?
Bitcoin has recently broken above its all-time high and printed a new record high, signaling strong bullish momentum. Currently, the market has entered a consolidation phase, which is typical after such a major breakout.
A pullback toward the previous breakout level (the old all-time high) is expected, which now acts as new support.
After this consolidation and pullback, the price could resume its bullish trajectory and move toward higher targets, including the upper boundary of the current bullish channel.
As long as the price remains above the key support zone, the overall trend remains bullish and any dip could be seen as a buying opportunity within the broader uptrend.
Will this consolidation lead to the next leg up, or is a deeper correction ahead? Share your thoughts below! 🤔👇
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on BITCOIN?
Bitcoin has recently broken above its all-time high and printed a new record high, signaling strong bullish momentum. Currently, the market has entered a consolidation phase, which is typical after such a major breakout.
A pullback toward the previous breakout level (the old all-time high) is expected, which now acts as new support.
After this consolidation and pullback, the price could resume its bullish trajectory and move toward higher targets, including the upper boundary of the current bullish channel.
As long as the price remains above the key support zone, the overall trend remains bullish and any dip could be seen as a buying opportunity within the broader uptrend.
Will this consolidation lead to the next leg up, or is a deeper correction ahead? Share your thoughts below! 🤔👇
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.