BTC:Breakout Above $87,360 Could Open the Path Toward $107K
From our previous analysis, Bitcoin broke out of the first accumulation above 82170.
Price started another accumulation on the daily chart and Bitcoin looks well positioned for a bigger move on the daily chart.
From the short-term analysis I posted yesterday, BTC has already reached the top of the structures and also both targets. If the price manages to rise above 87360, then a bigger upward move could begin.
If this new breakout does not happen soon, BTC could continue to develop more on this rising pattern with support at 82170 before moving higher again.
Upward targets on the daily chart:
94,000
100,000
107,000
You can find more details on the chart.
Thank you! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
Previous analysis:
Previous analysis:
From our previous analysis, Bitcoin broke out of the first accumulation above 82170.
Price started another accumulation on the daily chart and Bitcoin looks well positioned for a bigger move on the daily chart.
From the short-term analysis I posted yesterday, BTC has already reached the top of the structures and also both targets. If the price manages to rise above 87360, then a bigger upward move could begin.
If this new breakout does not happen soon, BTC could continue to develop more on this rising pattern with support at 82170 before moving higher again.
Upward targets on the daily chart:
94,000
100,000
107,000
You can find more details on the chart.
Thank you! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
Previous analysis:
Previous analysis:
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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.
✅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.