Bitcoin's Bullish Breakout Targeting $80k

2024년 7월 15일

Bitcoin has performed its usual move, pushing many traders to reevaluate their positions. Now, a bullish market sentiment is widespread.

Currently, a descending broadening wedge pattern has been confirmed, with the price breaking above significant resistance levels. This breakout targets an impressive 80k, as shown on the chart.

For those not yet invested in BTC, there will be a good buy-back opportunity. The optimal buy-back zone is within the broadening wedge breakout area; patience is key for the best entry point. Any retest towards this zone should be considered a strong buy opportunity.

Overall, the market outlook remains extremely bullish.

Let me know your thoughts on the current market situation, and don't forget to like the post. Thank you.

Chart references:

Descending Broadening Wedge Key Zones:

Bigger Picture View:

2024년 7월 16일

액티브 트레이드

We are at internal supply area action, price break it and make this level weak now, we should expect another test on this zone soon and we should prepare for it to break up finally. More update will follow for possible buy back area for BTC.

2024년 7월 17일

액티브 트레이드

Price moving smoothly, we should expect a major test on the external supply area soonest. Enjoy the ride

2024년 7월 20일

액티브 트레이드

Price heading for the last leg of the wave which will lead us towards a final test on 70k area.

2024년 7월 27일

액티브 트레이드

2024년 7월 29일

액티브 트레이드

2024년 8월 5일

매매 수동청산

Major change of structures observed