Bitcoin ! BREAKOUT IS THE KEY, BUT IT STILL HAS SOME WAY TO GO
Bitcoin is stationed in an inefficiency zone but with a lot of strength. It undoubtedly had a bullish week, and naturally, after a bullish run, the price needs to take a pause or rest. What better place than our historical zone, which we've marked as an inefficiency zone on the 1-day chart.
Yes, Bitcoin still has a bit more to climb to see the breakout that I've been anticipating.
As we can see, Bitcoin has been in a bearish sequence channel, and from the technical analysis within the channel, I'm aiming for Bitcoin to at least reach 64k this week so we can see a bit more price action.
THE BREAKOUT IS THE KEY, BUT IT STILL HAS SOME WAY TO GO!
So, until Bitcoin breaks my channel or at least reaches 64k, all I can do is wait.
Thank you for supporting my analysis.
Best regards.
Yes, Bitcoin still has a bit more to climb to see the breakout that I've been anticipating.
As we can see, Bitcoin has been in a bearish sequence channel, and from the technical analysis within the channel, I'm aiming for Bitcoin to at least reach 64k this week so we can see a bit more price action.
THE BREAKOUT IS THE KEY, BUT IT STILL HAS SOME WAY TO GO!
So, until Bitcoin breaks my channel or at least reaches 64k, all I can do is wait.
Thank you for supporting my analysis.
Best regards.
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