Bitcoin has reached a critical resistance level within its long-term ascending channel. A possible correction towards the $58,000 - $48,000 range could occur before the next upward impulse.
The blue dashed trendline represents a key support level that, if broken, may lead to a deeper retracement. However, a bounce from this area could trigger a bullish continuation towards the upper channel resistance at $120,000 in the long run.
Key levels to watch:
🔴 Resistance: $78,359
🟢 Major support levels: $58,632 & $48,324
What are your thoughts? Will Bitcoin retrace before its next bullish move? 🚀
The blue dashed trendline represents a key support level that, if broken, may lead to a deeper retracement. However, a bounce from this area could trigger a bullish continuation towards the upper channel resistance at $120,000 in the long run.
Key levels to watch:
🔴 Resistance: $78,359
🟢 Major support levels: $58,632 & $48,324
What are your thoughts? Will Bitcoin retrace before its next bullish move? 🚀
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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.