Bitcoin can retest 6000$ : Ascending Channel Formation on 4H
Bitcoin bounces quickly after a brief drop to 4500$ yesterday. The bitcoin price rose by 13% after BAKKT Funding News and Starbucks integration news hit the media.
After a brief bounce from 5000$ in morning hours, bitcoin is looking bullish on the lower time frame. Bitcoin price is trading above the mid-range of an accumulation channel.
Bitcoin also formed an ascending triangle channel that has support at 4750$, and resistance is at above 6200$.
21MA on 4H which acted as resistance for bitcoin is now turning into support.
If Bitcoin manages to hold 5100$ as support, then I expect bitcoin to break above 6000$ in next 24 hours.
After a brief bounce from 5000$ in morning hours, bitcoin is looking bullish on the lower time frame. Bitcoin price is trading above the mid-range of an accumulation channel.
Bitcoin also formed an ascending triangle channel that has support at 4750$, and resistance is at above 6200$.
21MA on 4H which acted as resistance for bitcoin is now turning into support.
If Bitcoin manages to hold 5100$ as support, then I expect bitcoin to break above 6000$ in next 24 hours.
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.