Technical Highlights:
Pattern Breakout: BTC has broken out of a descending wedge, a bullish reversal pattern.
Fibonacci Extensions: The price projection levels are drawn from the recent swing low to high:
1.618 (161.8%) 120,892
2.618 (261.8%) 122,577
3.618 (361.8%) 126,358
4.764 (476.4%) 130,691 = Target Area
Volume: A noticeable volume spike supports the breakout.
Current Price: Around 117,225 reclaiming above key resistance levels.
Bullish Confirmation Levels:
117,373 (Previous resistance now acting as support)
118,495 and 119,541 Strong horizontal resistance to clear
Sustained close above 120K could lead to a parabolic move toward 130K+
Pattern Breakout: BTC has broken out of a descending wedge, a bullish reversal pattern.
Fibonacci Extensions: The price projection levels are drawn from the recent swing low to high:
1.618 (161.8%) 120,892
2.618 (261.8%) 122,577
3.618 (361.8%) 126,358
4.764 (476.4%) 130,691 = Target Area
Volume: A noticeable volume spike supports the breakout.
Current Price: Around 117,225 reclaiming above key resistance levels.
Bullish Confirmation Levels:
117,373 (Previous resistance now acting as support)
118,495 and 119,541 Strong horizontal resistance to clear
Sustained close above 120K could lead to a parabolic move toward 130K+
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.