rfelchuk

BTCUSD: BULL RALLY HIGH CHANCES

Long
BYBIT:BTCUSD   Bitcoin / U.S. Dollar
What's up guyz and gerlz?

I do see considerable arguments to suppose BTCUSD and Crypto are entering a new bull rally phase.

Price neglects big sales which have been spotted here


and here


Such price behavior demonstrates high level persistence from buyers.

On a larger scale price is clearly developing via triangle, and now approached significant resistance, which is HTF trend line , which started from 13K and served as resistance at one time and support at another.


Shall price retrace to 7300 zone I will be looking to load longs or I will be looking for something solid on lower TF, intra day scale entry.

I think we may expect a good impulsive move up shall this triangle work out the right way. But price may also choose to climb up slowly as there are quite a few resistance levels on it's way up.

Take care





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