Last week, 
BTCUSD tested the waters at the important 62k support level and even dipped below it momentarily, driven by news regarding tensions in the Middle East. However, after touching the significant 60k mark twice, the price swiftly reversed, signaling a false breakdown.
The price quickly rebounded above both the horizontal support and the descending trend line of the wedge pattern. Currently, it is trading comfortably around the 66k zone, which serves as short-term resistance. In my opinion, this resistance level will also be breached, paving the way for a rise to 69k.
I maintain a bullish outlook as long as the 63k support level remains intact, and I'm actively looking to buy during any dips in the market.
BTCUSD tested the waters at the important 62k support level and even dipped below it momentarily, driven by news regarding tensions in the Middle East. However, after touching the significant 60k mark twice, the price swiftly reversed, signaling a false breakdown.The price quickly rebounded above both the horizontal support and the descending trend line of the wedge pattern. Currently, it is trading comfortably around the 66k zone, which serves as short-term resistance. In my opinion, this resistance level will also be breached, paving the way for a rise to 69k.
I maintain a bullish outlook as long as the 63k support level remains intact, and I'm actively looking to buy during any dips in the market.
🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.