It seems Bitcoin has rested enough and might be gearing up for an upward move. Despite multiple attempts from sellers to push the price lower, they failed to gain control, which increases the probability of a bullish breakout.
In the recent candles, we can clearly see that red candles are getting smaller, and volume is also decreasing — a strong indication that selling pressure is fading. This adds further confirmation for a potential upward continuation.
Long trigger: $115,792
Short trigger (in case of a fake breakout): $113,610
Keep a close eye on Bitcoin Dominance (BTC.D). If dominance turns red while Bitcoin moves up, it’s a signal that altcoins could offer stronger long opportunities during this move.
💡 If you open a long position, I suggest holding it rather than taking early profits — there’s a chance we might see a strong bullish reaction soon.
In the recent candles, we can clearly see that red candles are getting smaller, and volume is also decreasing — a strong indication that selling pressure is fading. This adds further confirmation for a potential upward continuation.
Long trigger: $115,792
Short trigger (in case of a fake breakout): $113,610
Keep a close eye on Bitcoin Dominance (BTC.D). If dominance turns red while Bitcoin moves up, it’s a signal that altcoins could offer stronger long opportunities during this move.
💡 If you open a long position, I suggest holding it rather than taking early profits — there’s a chance we might see a strong bullish reaction soon.
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.
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.