The recent 
BTCUSDT increase following CZ's release from jail has the potential to act as a catalyst for a bullish move. The current market structure indicates the formation of higher highs and higher closes, signaling a positive momentum. The price bounced off the support level at 53,000 and has surged up to the current resistance levels. Additionally, the daily chart shows that the price broke and closed above the previous resistance level, which suggests a potential shift in trend. This breakout could signify a new bullish phase for the market. Looking ahead, a pullback is likely, and if the price rejects the support level and upward trendline I expect further upward movement.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
BTCUSDT increase following CZ's release from jail has the potential to act as a catalyst for a bullish move. The current market structure indicates the formation of higher highs and higher closes, signaling a positive momentum. The price bounced off the support level at 53,000 and has surged up to the current resistance levels. Additionally, the daily chart shows that the price broke and closed above the previous resistance level, which suggests a potential shift in trend. This breakout could signify a new bullish phase for the market. Looking ahead, a pullback is likely, and if the price rejects the support level and upward trendline I expect further upward movement. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Note
*My target is resistance zone around 67,200
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🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.