💡 Ideas For BTCUSD 🪙
📈 BITCOIN → The bulls are ready to break resistance. 71K or 73K?
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BTCUSD, after a shake-up (False Breakout), relative to the liquidity zone of 59-60K, is forming a bullish impulse, which is also favorably influenced by fundamental reasons
📈 BITCOIN → The bulls are ready to break resistance. 71K or 73K?
———————————————
BTCUSD, after a shake-up (False Breakout), relative to the liquidity zone of 59-60K, is forming a bullish impulse, which is also favorably influenced by fundamental reasons
On the local timeframe there are signs of the end of the locational correction and the beginning of the formation of the third wave. The bullish trend is starting to revive, but there are quite a few key areas ahead that can hold the level.
Yesterday, after the bulls held the defense above 64500-65000, the buyers started to push the price up and tested the resistance 67250 with a false breakdown. There is no fall after the false breakdown, a pre-breakdown consolidation is forming. Bulls are still collecting positions with the breakout target and are ready to go all the way.
Yesterday, after the bulls held the defense above 64500-65000, the buyers started to push the price up and tested the resistance 67250 with a false breakdown. There is no fall after the false breakdown, a pre-breakdown consolidation is forming. Bulls are still collecting positions with the breakout target and are ready to go all the way.
On W1 the picture is very interesting and this correction has the character of consolidation. Huge volume is being collected from the strong buyer side. The distribution phase that will start after the consolidation is over could continue the bullish trend if the buyers are persistent.
Resistance levels: 67250, 71500, 73700
Support levels: 65250, 64500, 61500
Bitcoin looks quite bullish right now. High interest, favorable fundamental background can affect the strengthening of the price. At the moment it is worth paying attention to these levels, the breakthrough of which may give a continuation of movement, the targets are indicated on the chart
Resistance levels: 67250, 71500, 73700
Support levels: 65250, 64500, 61500
Bitcoin looks quite bullish right now. High interest, favorable fundamental background can affect the strengthening of the price. At the moment it is worth paying attention to these levels, the breakthrough of which may give a continuation of movement, the targets are indicated on the chart