After a strong uptrend last week, ⚠️Bitcoin has paused its growth and is now consolidating. A familiar bullish pattern, an ascending triangle, is forming on the 4-hour chart.
Currently, the neckline of this pattern is being tested. If there is a breakout above 96,000 and a 4-hour candle closes above this level, it could signal a continuation of the bullish trend.
The price may rise to 68,000 and potentially test the resistance at 100,000.
Currently, the neckline of this pattern is being tested. If there is a breakout above 96,000 and a 4-hour candle closes above this level, it could signal a continuation of the bullish trend.
The price may rise to 68,000 and potentially test the resistance at 100,000.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.