Hello Traders! 👋
What are your thoughts on BITCOIN?
Bitcoin is currently consolidating within a well-defined range between $88,000 and $95,000, while continuing to trade inside an ascending channel.
The lower boundary of this ascending channel aligns closely with the $88,000 support zone, adding confluence and strengthening this area as a key demand region. At the moment, price action is hovering near the channel support, suggesting that selling pressure is weakening.
As long as the price holds above the $88,000 support, we expect some short-term consolidation followed by a bullish push toward the upper range at $95,000.
A clean breakout above $95,000 could open the door for a continuation move toward the upper boundary of the ascending channel, which would act as the next upside target.
A sustained break below the channel support would invalidate this scenario.
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on BITCOIN?
Bitcoin is currently consolidating within a well-defined range between $88,000 and $95,000, while continuing to trade inside an ascending channel.
The lower boundary of this ascending channel aligns closely with the $88,000 support zone, adding confluence and strengthening this area as a key demand region. At the moment, price action is hovering near the channel support, suggesting that selling pressure is weakening.
As long as the price holds above the $88,000 support, we expect some short-term consolidation followed by a bullish push toward the upper range at $95,000.
A clean breakout above $95,000 could open the door for a continuation move toward the upper boundary of the ascending channel, which would act as the next upside target.
A sustained break below the channel support would invalidate this scenario.
Don’t forget to like and share your thoughts in the comments! ❤️
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✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅MY INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅MY INSTAGRAM:
instagram.com/marketanalaysis
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.