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Welcome to this BTC update.
BTC is still consolidating in the same range from the last 5-6 days. It is trading inside a symmetrical triangle in a 4hr time frame and the triangle is squeezing very tightly here. So we definitely see a breakout or break down.
Bullish case:- If BTC breaks out of the triangle and breaks the $23.5k resistance then be ready for the $26k-$27k level.
Bearish case:- If BTC breaks down the triangle then be ready for the $19k-$20k level.
Let's hope BTC breaks out in the upside direction.
What do you think guys?
Do you think we see a rally to $26k-$27k from here or do we see a dump from here?
Share your views in the comment section.
Thank You!
S
Welcome to this BTC update.
BTC is still consolidating in the same range from the last 5-6 days. It is trading inside a symmetrical triangle in a 4hr time frame and the triangle is squeezing very tightly here. So we definitely see a breakout or break down.
Bullish case:- If BTC breaks out of the triangle and breaks the $23.5k resistance then be ready for the $26k-$27k level.
Bearish case:- If BTC breaks down the triangle then be ready for the $19k-$20k level.
Let's hope BTC breaks out in the upside direction.
What do you think guys?
Do you think we see a rally to $26k-$27k from here or do we see a dump from here?
Share your views in the comment section.
Thank You!
S
Break out perfectly. Now facing some resistance at $24,200-$24,500 so we might see some dip but those dips are buying opportunities. Now. all we need is a daily close above $24.5k for reaching the $26k-$28k level.