Hello Traders! 👋
What are your thoughts on BITCOIN?
After setting a new all-time high, Bitcoin remains in a corrective phase, marked by sideways price action and choppy movements.
There's a notable gap around the $114,000 level, which may act as a magnet for price during this correction.
The ongoing pullback is likely to extend toward the key support zone, which aligns with the previous breakout level and the bottom of the ascending channel.
Once this support holds, we could see a bullish reversal, targeting the upper boundary of the channel once again.
As long as Bitcoin remains above the marked support zone, the overall structure stays bullish and this correction may present a buy-the-dip opportunity.
Will Bitcoin fill the gap and bounce back toward new highs? Let us know your thoughts! 🤔👇
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on BITCOIN?
After setting a new all-time high, Bitcoin remains in a corrective phase, marked by sideways price action and choppy movements.
There's a notable gap around the $114,000 level, which may act as a magnet for price during this correction.
The ongoing pullback is likely to extend toward the key support zone, which aligns with the previous breakout level and the bottom of the ascending channel.
Once this support holds, we could see a bullish reversal, targeting the upper boundary of the channel once again.
As long as Bitcoin remains above the marked support zone, the overall structure stays bullish and this correction may present a buy-the-dip opportunity.
Will Bitcoin fill the gap and bounce back toward new highs? Let us know your thoughts! 🤔👇
Don’t forget to like and share your thoughts in the comments! ❤️
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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.
✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
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.