Dexter_The_Trader

BTC aiming for $64k once again.

Long
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
In 1 hour TF, BTC is set to aim for 64K once again. Let's see how it plays off.
Comment:

A few days ago, I mentioned BTC aiming for 64K , and here we are, with BTC reaching exactly $64.2k. The current price is at $63.6k.

In this hourly chart, BTC has broken above the trendline, and it looks like a retest is taking place. This means that BTC could either bounce back from the current market price or reach $63k, then bounce back, and move another leg up, targeting to break and close above the 64K ceiling. A breakdown below the lower supporting trendline at $62k will trigger the invalidation alarm, and the final invalidation point would be the $60k support.

Trade safely.

Regards,
Team Dexter.

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.