BTC is breaking out of the symmetrical triangle rn on a 4H chart. Volume seems to be picking up and looks good for an upside target to $49k.
On the back of the Google News which is extremely significant - considering the ban went into effect in 2018 and was a key catalyst to the 2017 bull market, this could help catalyze a new uptrend and is coming out at a key moment.
On the back of the Google News which is extremely significant - considering the ban went into effect in 2018 and was a key catalyst to the 2017 bull market, this could help catalyze a new uptrend and is coming out at a key moment.
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What is AMAZING about this $49k target is that I wrote an article on May 22nd nearly 2 weeks ago about the first FIB target of $49k!!!!!!!
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We do need more volume imo for this to be a confirmed breakout ... however we are bringing EMAs above the 55 and have the bullish cross on the daily MACD which is the lowest in the history of bitcoin... pretty crazy considering bitcoin has gone through much larger crashes!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.