Bitcoin is currently repeating the same price behavior as the previous higher-high (HH) pattern. After forming a new HH, BTC followed with a similar corrective drop—almost identical to the previous cycle. Price has now taken support at the same structural zone, indicating strength and a potential continuation of the bullish script.
As long as this support holds, BTC is expected to move upward toward the next major target zone at $170,000–$172,000.
As long as this support holds, BTC is expected to move upward toward the next major target zone at $170,000–$172,000.
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Disclaimer
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.