BTC - Current State of the Market
After a phenomenal rally above the critical $70,000 level, BTC has accomplished another feat.
It has successful closed above the critical $71,300 level.
This is one of the confirmations of the start of the next leg of the bull market, but we are not out of the territory of a pullback yet.
Once we close a second 3D candle above this key level (outlined in orange) this will be our confirmation candle of the breakout. What we could see happening is a slight pullback over the next three day to retest that line, close at that level with the next 3D candle, then start the bounce. This would demonstrate a very strong bullish retest.
No matter what happens, BTC is in a very good spot and is following the same bullish patterns presented in previous 4 year cycles.
It has successful closed above the critical $71,300 level.
This is one of the confirmations of the start of the next leg of the bull market, but we are not out of the territory of a pullback yet.
Once we close a second 3D candle above this key level (outlined in orange) this will be our confirmation candle of the breakout. What we could see happening is a slight pullback over the next three day to retest that line, close at that level with the next 3D candle, then start the bounce. This would demonstrate a very strong bullish retest.
No matter what happens, BTC is in a very good spot and is following the same bullish patterns presented in previous 4 year cycles.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.