Usually, after breakouts like this, we expect huge pump and more rise for price and hitting new highs but bitcoin is getting a little weak after that huge amount of rise in previous days and also the price is receiving 60K resistance zone so we can expect fall and correction but only if the daily candle close below this red trendline once again.
Notice: we are looking for a correction here and the conformation is daily close below red trendline else price can easily pump more and touch ATH or even 70K.
DISCLAIMER: ((trade based on your own decision ))
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Notice: we are looking for a correction here and the conformation is daily close below red trendline else price can easily pump more and touch ATH or even 70K.
DISCLAIMER: ((trade based on your own decision ))
<<press like👍 if you enjoy💚>>
Note
Short-term analysis of 17 Oct:
Trade active
some local support is breaking in lower time frames:
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My telegram channel:
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned messages in my telegram channel for more info.
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.