VasilyTrader

BITCOIN (BTCUSD): Key Zone is Reached! What is Next? ₿

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar

Bitcoin finally reached key daily demand zone .
That zone is based on a 52100 - 54000 horizontal structure
& a rising trend line linking the last higher lows.

Taking into consideration that we are still trading in a strong long-term uptrend,
the next bullish rally may initiate from that zone.

To catch it with a confirmation, monitor an expanding wedge pattern on 6H time frame.
You need its resistance breakout as a trigger.

Then I will expect a bullish move.
First resistance will be 60700.

In case of a bearish breakout of a green zone,
a further decline will be expected.

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Comment: Check my new idea on SHIBUSDT: