Welcome to this short BTC update everyone. BTC broke out of the channel as well as an inverse head and shoulders pattern. The neckline is holding since the last few candles closed above it. BTC if holds this 58k level which seems likely the price must rally towards 61k level. Failing to do so will take BTC all the way to 53.5k to 54.7k area. So be careful with your leverage trades. I am long in BTC and accumulating at lower levels with very low (3x) leverage.
What do you think of this chart?
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Stay tuned
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BITCOIN: All good in the short term. Do you see that black box right in the chart? That's called f*kry. Bounced right off the support and currently trading above the 200D MA in ltf. Which represents the long-term average price by the close. BTC above 58.3k is good for the bulls. Failing to hold this level would trigger a rally towards 53.5k to 55k level best buying opportunity (Less likely but I don't know tbh). My thought? : I am expecting the price to break the 60k level soonish.
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BTCUSDT: All good so far. Gotta need a daily close above 61.4k for final bullish move to new ATH..
The analysis was very good and I think we will see a lot more growth in bitcoin.