UPDATE 2:
BTC needs to clear the next level at $65,400 (black line). This level was support a week ago (left black box), then became resistance a few days ago (middle black box), and is close to being pierced now (right black box).
It's almost there. Just a little bit further and it should break through to the upside.
UPDATE 1:
BTC just might be paving a new uptrend (yellow line) after breaking out of the recent triangle (blue). It should continue up to the last high of $68.6k.
ORIGINAL POST:
BTC is about to break out of its recent triangle (blue lines), likely within 24 hours.
$63k has become an important level over the last week. BTC punched through this $63k level a week ago (yellow circle), and then retested $63k twice (pink circles).
This $63k level has now become an important support. If BTC falls below this line, it would likely continue down.
But if it holds $63k over the next 24 hours, it should break to the upside, and should rise to the previous high of $68,500 (purple line). This would then be the 3rd time up to this level, and would likely punch through it very quickly.
BTC needs to clear the next level at $65,400 (black line). This level was support a week ago (left black box), then became resistance a few days ago (middle black box), and is close to being pierced now (right black box).
It's almost there. Just a little bit further and it should break through to the upside.
UPDATE 1:
BTC just might be paving a new uptrend (yellow line) after breaking out of the recent triangle (blue). It should continue up to the last high of $68.6k.
ORIGINAL POST:
BTC is about to break out of its recent triangle (blue lines), likely within 24 hours.
$63k has become an important level over the last week. BTC punched through this $63k level a week ago (yellow circle), and then retested $63k twice (pink circles).
This $63k level has now become an important support. If BTC falls below this line, it would likely continue down.
But if it holds $63k over the next 24 hours, it should break to the upside, and should rise to the previous high of $68,500 (purple line). This would then be the 3rd time up to this level, and would likely punch through it very quickly.