Technical Analysis and Outlook:
During the most recent trading session, the Bitcoin market exhibited a notable surge, surpassing our Mean Resistance levels of 111600 and 113300, and the established Inner Coin Rally threshold of 117700. Currently, Bitcoin is fluctuating around the Key Resistance level of 123500 as it attempts to retest the completed Outer Coin Rally at 124500.
Following the conclusion of this retest, it is anticipated that the cryptocurrency may initiate an Intermediary In-Force Pullback towards the Mean Support target of 120000, with the potential for a further correction dip to Mean Support at 117500. Upon the completion of this phase(s), we expect Bitcoin to resume its upward trajectory.
Current analysis suggests the following designated upside targets: the Inner Coin Rally at 127000, the Next #1 Outer Coin Rally at 130500, and the Next #2 Outer Coin Rally at 135000. It is essential to recognize that Intermediary In-Force Pullbacks may occur at these specified levels.
During the most recent trading session, the Bitcoin market exhibited a notable surge, surpassing our Mean Resistance levels of 111600 and 113300, and the established Inner Coin Rally threshold of 117700. Currently, Bitcoin is fluctuating around the Key Resistance level of 123500 as it attempts to retest the completed Outer Coin Rally at 124500.
Following the conclusion of this retest, it is anticipated that the cryptocurrency may initiate an Intermediary In-Force Pullback towards the Mean Support target of 120000, with the potential for a further correction dip to Mean Support at 117500. Upon the completion of this phase(s), we expect Bitcoin to resume its upward trajectory.
Current analysis suggests the following designated upside targets: the Inner Coin Rally at 127000, the Next #1 Outer Coin Rally at 130500, and the Next #2 Outer Coin Rally at 135000. It is essential to recognize that Intermediary In-Force Pullbacks may occur at these specified levels.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.