Bitcoin (BTC/USD) 2-hour chart presents several key technical observations:
Breakout Confirmed: Price has successfully broken above the descending red trendline, signaling a potential bullish breakout.
Ascending Channel: BTC is trading within an upward-sloping channel, indicating a strong short-term uptrend.
Support Zones: Multiple supports around $115,000 are identified, including:
50% Fibonacci retracement
Previous reversal zone
Momentum: The current price action has surged past the 50% midline of the channel and is targeting higher resistance levels around $120,000.
Curved Trendline: An upward parabolic curve suggests accelerating bullish momentum.
Summary: Bitcoin is showing strong bullish momentum after breaking key resistance. Watch for a potential retest of the breakout level (~$117,000) before a move higher.
thanks you
Breakout Confirmed: Price has successfully broken above the descending red trendline, signaling a potential bullish breakout.
Ascending Channel: BTC is trading within an upward-sloping channel, indicating a strong short-term uptrend.
Support Zones: Multiple supports around $115,000 are identified, including:
50% Fibonacci retracement
Previous reversal zone
Momentum: The current price action has surged past the 50% midline of the channel and is targeting higher resistance levels around $120,000.
Curved Trendline: An upward parabolic curve suggests accelerating bullish momentum.
Summary: Bitcoin is showing strong bullish momentum after breaking key resistance. Watch for a potential retest of the breakout level (~$117,000) before a move higher.
thanks you
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.