Bitcoin continues to grow without a correction on the chart.
Every movement in the market takes place according to the mood of the crowd (market participants). Everyone understands that a strong resistance level is 5800-6000. This is the mirror level that was the line of support for the triangle that we broke through and went to 3k +. As for the current situation, we have an impulsive upward movement, after no correction, the continuation of the upward movement, forming an upward channel and a bullish triangle with a potential upward breakthrough. but not above the level of resistance 5800-6000.
Because at this price there are already short orders, I think that a correction will soon take place, but by impulse movement we have already determined that bitcoin is more alive than all the living and that this asset is interesting for long-term investment.
There is a lot of evidence for this and the main thing is more and more people who believe in the future of bitcoin and cryptocurrency.
Every movement in the market takes place according to the mood of the crowd (market participants). Everyone understands that a strong resistance level is 5800-6000. This is the mirror level that was the line of support for the triangle that we broke through and went to 3k +. As for the current situation, we have an impulsive upward movement, after no correction, the continuation of the upward movement, forming an upward channel and a bullish triangle with a potential upward breakthrough. but not above the level of resistance 5800-6000.
Because at this price there are already short orders, I think that a correction will soon take place, but by impulse movement we have already determined that bitcoin is more alive than all the living and that this asset is interesting for long-term investment.
There is a lot of evidence for this and the main thing is more and more people who believe in the future of bitcoin and cryptocurrency.
Comment:
BTCUSD
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Break out rising wedge
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Break up triangle
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BTC returned to the triangle and tested the support line
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BTC update
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BTC update H1 chart
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