Hello, welcome to this BTC update.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-BTC effectively bounced with a decent volume after breaking out the symmetrical triangle and the recent high of $17,424. Currently, BTC hit the liquidation box and grabbed a ton of upside liquidity.
For the bullish continuation, it needs to break the liquidation box with a substantial volume, while a dismissal from here would indicate a retest above $17,350.
Bitcoin was pumped after the CPI data release and tested the $18,100 level. We may see another test to go above the resistance level. If BTC is able to break and hold above $18,500 then we see good positive movement in the market.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-BTC effectively bounced with a decent volume after breaking out the symmetrical triangle and the recent high of $17,424. Currently, BTC hit the liquidation box and grabbed a ton of upside liquidity.
For the bullish continuation, it needs to break the liquidation box with a substantial volume, while a dismissal from here would indicate a retest above $17,350.
Bitcoin was pumped after the CPI data release and tested the $18,100 level. We may see another test to go above the resistance level. If BTC is able to break and hold above $18,500 then we see good positive movement in the market.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you.
