$BTC / USD 4H - Breakout & Retest to a Full send to new ATH
Bitcoin ranging up in the $19Ks is bullish. Price (USD) has never held these levels for this long, showing strength in the region. I think we breakout of this triangle, retest the zone (chop) and then proceed to a new USD all time high. It may not be as easy as drawn on the chart in the green line - we may re-test lower in this range.
If you were trying to catch any dip before the ATH, levels around $18.2K and $17.2K are valid to bid. As long as the $15.5-16.5K level remains in tact on a macro scale, I tend to remain bullish.
For clarification:
- Dotted line is the previous daily close
- Support levels in green
- Resistance levels in red
- The pink line is a significant level - if price can close above the pink line, that is very bullish
Bitcoin ranging up in the $19Ks is bullish. Price (USD) has never held these levels for this long, showing strength in the region. I think we breakout of this triangle, retest the zone (chop) and then proceed to a new USD all time high. It may not be as easy as drawn on the chart in the green line - we may re-test lower in this range.
If you were trying to catch any dip before the ATH, levels around $18.2K and $17.2K are valid to bid. As long as the $15.5-16.5K level remains in tact on a macro scale, I tend to remain bullish.
For clarification:
- Dotted line is the previous daily close
- Support levels in green
- Resistance levels in red
- The pink line is a significant level - if price can close above the pink line, that is very bullish