Hello friends, welcome to this BITCOIN update from Crypto Sanders.
BTC is currently displaying a 4-hour triangle pattern. Recently, it experienced a breakout from this pattern but quickly re-entered the triangle, which shows indecision in the market. The pattern has broken out once again, suggesting the possibility of short-term upward movement.
• *Triangle Pattern:* BTC has consistently shown a 4-hour triangle formation.
• *False Breakout:* The previous breakout failed, causing BTC to fall back into the triangle.
• *Current Breakout:* BTC has broken out again, which suggests a potential bullish trend.
BTC is facing strong resistance between *$71,600 and $73,000*. This range is crucial for the next significant move, as overcoming this resistance could lead to further gains.
Given the recent breakout, BTC could see a short-term bounce. However, traders should closely monitor the price action around the $71,600 to $73,000 resistance zone for signs of strength or a possible reversal.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
BTC is currently displaying a 4-hour triangle pattern. Recently, it experienced a breakout from this pattern but quickly re-entered the triangle, which shows indecision in the market. The pattern has broken out once again, suggesting the possibility of short-term upward movement.
• *Triangle Pattern:* BTC has consistently shown a 4-hour triangle formation.
• *False Breakout:* The previous breakout failed, causing BTC to fall back into the triangle.
• *Current Breakout:* BTC has broken out again, which suggests a potential bullish trend.
BTC is facing strong resistance between *$71,600 and $73,000*. This range is crucial for the next significant move, as overcoming this resistance could lead to further gains.
Given the recent breakout, BTC could see a short-term bounce. However, traders should closely monitor the price action around the $71,600 to $73,000 resistance zone for signs of strength or a possible reversal.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
