Bitcoin is currently trading within a well-defined ascending channel, showing signs of a potential bullish continuation. Based on historical support and resistance levels, BTC may test the lower trendline before making a strong move upward toward new highs.
The outlined projection suggests a bounce from support, followed by a rally toward the upper trendline, targeting $120K+. RSI levels indicate a potential reversal zone, and the Ichimoku Cloud suggests upcoming volatility.
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#Bitcoin #Crypto #BTC #TradingView #CryptoAnalysis #PricePrediction #BTCUSD #Bullish #CryptoTrading
The outlined projection suggests a bounce from support, followed by a rally toward the upper trendline, targeting $120K+. RSI levels indicate a potential reversal zone, and the Ichimoku Cloud suggests upcoming volatility.
Are you bullish or bearish on Bitcoin? Share your thoughts!
#Bitcoin #Crypto #BTC #TradingView #CryptoAnalysis #PricePrediction #BTCUSD #Bullish #CryptoTrading
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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.