๐Ÿ”ฅ Bitcoin Break Out After Successful Re-Test

Two days ago I made an analysis on Bitcoin. Here I argued that BTC had to re-test the bearish channel's resistance before continuing the bullish break out.

๐Ÿ”ฅ Bitcoin: Re-testing Channel Before Bullish Move


My two targets got reached today during a massive bullish move in the morning. The past two targets have now turned in support. It might be the case that BTC will trade within the range of 62.5k - 63.5k for a day or so before going up again.

Next target placed at 67k. For the rest of the week, I think that 70k is definitely in the cards.

Happy trading!
Bitcoin (Cryptocurrency)BTCChart PatternsCryptocurrencyTechnical IndicatorsParallel ChannelTrend Analysisusdt

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