💡 Ideas For BTCUSD🪙
📈 BTCUSD → Pre-breakdown consolidation near resistance
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#BTC looks confident enough to continue its growth. The fundamental background and market expectations continue to support high interest in the flagship of the crypto market.
📈 BTCUSD → Pre-breakdown consolidation near resistance
➖ ➖ ➖ ➖ ➖
#BTC looks confident enough to continue its growth. The fundamental background and market expectations continue to support high interest in the flagship of the crypto market.
Bitcoin practically does not react to the news related to the Binance case, the local decline was quickly bought out and the market performs another retest of resistance, while one of the largest crypto exchanges withdraws huge money.
Bitcoin on the global chart has entered a new bullish range, the support of which is the area of 34000-36000, the target of range trading is the area of 42000-44300, then the maximum of 48234 plays a psychological role, because behind this area there is a huge pool of bearish liquidity.
In terms of technical analysis we see the formation of ascending triangle on the background of global bullish trend. The pattern is formed at the resistance of the ascending channel. Consolidation is gaining potential for the formation of the movement, if the fundamental background remains as strong in the near future, the market will try to realize the potential of the ascending triangle.
A breakout of the resistance area will bring prices to a new level and in this case it will only accelerate the growth of bitcoin value.
The breakout of the resistance of the ascending channel in the area of: 37600 - 38000 - 38500 will form the potential for growth towards 40600 and 44350.
Reasons why we expect growth to continue:
• - Strong bullish trend
• - Strong fundamental background
• - There is no proper reaction to the retest and false breakdown of resistance, the price does not fall, but forms a local correction, within which it cannot even update the local minimum.
• - Consiliation is formed and the price is pressed to the resistance.
Support levels: 35700, 35000, 34500
Resistance levels: 37500, 38000
In the future, I expect the continuation of growth and a breakthrough of resistance on the next retest. Targets are indicated on the chart
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#BTCUSD 🪙
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A breakout of the resistance area will bring prices to a new level and in this case it will only accelerate the growth of bitcoin value.
The breakout of the resistance of the ascending channel in the area of: 37600 - 38000 - 38500 will form the potential for growth towards 40600 and 44350.
Reasons why we expect growth to continue:
• - Strong bullish trend
• - Strong fundamental background
• - There is no proper reaction to the retest and false breakdown of resistance, the price does not fall, but forms a local correction, within which it cannot even update the local minimum.
• - Consiliation is formed and the price is pressed to the resistance.
Support levels: 35700, 35000, 34500
Resistance levels: 37500, 38000
In the future, I expect the continuation of growth and a breakthrough of resistance on the next retest. Targets are indicated on the chart
➖ ➖ ➖ ➖ ➖
#BTCUSD 🪙
〰️〰️〰️
🟡 How do I join the VIP🔅
⚡ Join the VIP channel 🟢
🏆Crypto Broker - LINK 🔶
〰️〰️〰️
💬 My Contact - Ask Linda✅️
💻 Web - RLinda.com ✅