BITCOIN, detailed breakdown and next target

25 ott 2021

Let's take a look at the 2H chart of Bitcoin. Looks fascinating, doesn't it? Great price action, zones and lines are lining up perfectly. As we can see from the graph, the price was unable to break the strong zone of support and form a new Lower Low. At the moment, the price is located at an area of possible resistance. Therefore, 2 scenarios arise here: Either the price will re-test the zone of $61700 and complete the formation of a "W' pattern before continuing its move to the upside; or it will break out of the local zone of resistance, re-test the broken structure, and keep rising non-stop till the area identified on the graph ($67000)

Happy trading, family!