Last week,
BTCUSD
tested the waters at the important 62k support level and even dipped below it momentarily, driven by news regarding tensions in the Middle East. However, after touching the significant 60k mark twice, the price swiftly reversed, signaling a false breakdown.
The price quickly rebounded above both the horizontal support and the descending trend line of the wedge pattern. Currently, it is trading comfortably around the 66k zone, which serves as short-term resistance. In my opinion, this resistance level will also be breached, paving the way for a rise to 69k.
I maintain a bullish outlook as long as the 63k support level remains intact, and I'm actively looking to buy during any dips in the market.
The price quickly rebounded above both the horizontal support and the descending trend line of the wedge pattern. Currently, it is trading comfortably around the 66k zone, which serves as short-term resistance. In my opinion, this resistance level will also be breached, paving the way for a rise to 69k.
I maintain a bullish outlook as long as the 63k support level remains intact, and I'm actively looking to buy during any dips in the market.
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
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t.me/FanCryptocurrency
🌟 Premium Contact:
t.me/IacobMihai