How Far/Long Can BTC Push Higher? đź•ť

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

đź—’ As per my last educational post, we know that we might be in Pattern 4 => falling correction after a bearish impulse, leading to a bullish reversal.

As mentioned, our confirmation would be a weekly candle close above the last major high in green (22500)

Now since, we broke above it the last high, how far can BTC push higher?

The first / next rejection is now around the previous major high around 25,000 in blue.

If / Once the 25,000 high is broken higher, then a movement till the 30,000 resistance / supply would be expected.

N.B. Always Remember, nothing moves in a straight line, so we might have a correction (as a higher low) along the way.

📉Which scenario do you think is more likely to happen? and why?

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

đź—’ All Strategies Are Good; If Managed Properly!
~Rich
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