It's a major debate at this moment wether Bitcoin is forming a bullish rectangle or a double rising wedge.
Regardless of opinions, when zooming out on the 1h, 4h and daily charts, it is hard not to first observe the bullish rectangle. And in the end, we care about the long term.
If the rising wedge is confirming with a slight drop, it will be only short, retail stop loss hunting which will most likely not break 36,500
As we have consolidated at crucial support 38,000, it is expected that bitcoin will tackle the next major milestone at 40,000 before the big battle at 43,500.
Regardless of opinions, when zooming out on the 1h, 4h and daily charts, it is hard not to first observe the bullish rectangle. And in the end, we care about the long term.
If the rising wedge is confirming with a slight drop, it will be only short, retail stop loss hunting which will most likely not break 36,500
As we have consolidated at crucial support 38,000, it is expected that bitcoin will tackle the next major milestone at 40,000 before the big battle at 43,500.
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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.
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.