Bitcoin: Short-Term Bullish Recovery on the Table
Bitcoin is showing early signs of a potential short-term bullish reversal as price continues to respect the descending channel. The latest bounce from the channel’s lower boundary suggests growing buyer interest, and a breakout above the upper trendline could trigger a stronger recovery.
If BTC manages to break and retest the channel resistance, the next targets sit at:
Key Bullish Targets
$99,600
$103,800
As long as the price holds above the channel, the short-term bullish scenario remains valid. A clean breakout would confirm upside continuation.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Bitcoin is showing early signs of a potential short-term bullish reversal as price continues to respect the descending channel. The latest bounce from the channel’s lower boundary suggests growing buyer interest, and a breakout above the upper trendline could trigger a stronger recovery.
If BTC manages to break and retest the channel resistance, the next targets sit at:
Key Bullish Targets
$99,600
$103,800
As long as the price holds above the channel, the short-term bullish scenario remains valid. A clean breakout would confirm upside continuation.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Order cancelled
Price declined and didn't activate the bullish pattern as I explainedStay away
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
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.