Bitcoin is consolidating within a symmetrical triangle pattern on the 4-hour chart, and a breakout is approaching! A strong move is expected soon.
🔹 Upper boundary of the triangle: Resistance around $98,000
🔹 Lower boundary of the triangle: Support at $93,000
🔹 Key Fibonacci levels: 0.618 ($99,074) and 0.786 ($97,080) acting as resistance
📍 Targets:
✅ Bullish breakout: $119,894
❌ Bearish breakout: $71,494
Volume and market sentiment will play a crucial role in determining the breakout direction. Which way do you think BTC will go? 💬👇
🔹 Upper boundary of the triangle: Resistance around $98,000
🔹 Lower boundary of the triangle: Support at $93,000
🔹 Key Fibonacci levels: 0.618 ($99,074) and 0.786 ($97,080) acting as resistance
📍 Targets:
✅ Bullish breakout: $119,894
❌ Bearish breakout: $71,494
Volume and market sentiment will play a crucial role in determining the breakout direction. Which way do you think BTC will go? 💬👇
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.
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.