Bitcoin has successfully defended the 64,000 demand zone, but in my opinion, the bullish move is not confirmed yet.
As long as the descending resistance remains intact and the breakout isn't supported by convincing volume, I still consider the current price action to be part of an accumulation phase.
📈 If the breakout is confirmed:
🎯 65,000 → 65,800 → 66,700+
📉 However...
If BTC loses the 64,000 support zone, the current bullish outlook will need to be reassessed, as the market structure could shift back in favor of the bears.
What do you think?
Is this the beginning of a new impulsive move, or just another fake breakout before the next leg down?
💬 Share your thoughts below—I’d love to hear your perspective.
As long as the descending resistance remains intact and the breakout isn't supported by convincing volume, I still consider the current price action to be part of an accumulation phase.
📈 If the breakout is confirmed:
🎯 65,000 → 65,800 → 66,700+
📉 However...
If BTC loses the 64,000 support zone, the current bullish outlook will need to be reassessed, as the market structure could shift back in favor of the bears.
What do you think?
Is this the beginning of a new impulsive move, or just another fake breakout before the next leg down?
💬 Share your thoughts below—I’d love to hear your perspective.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.