Bitcoin Approaching Upper Channel Resistance

2024年11月14日

hello guys.

Ascending Channel: Bitcoin is trading within a well-defined ascending channel, with support and resistance levels marked by parallel lines.

Upper Resistance Zone: The price is nearing the upper boundary of the channel around $95,784, which may act as strong resistance.

Bullish Momentum: The trend is bullish as Bitcoin has consistently followed the channel upwards, respecting both support and resistance levels.

Potential Pullback: If Bitcoin faces resistance at the upper channel, a pullback towards the midline or lower boundary is possible.

Target: If the price breaks above the upper boundary, Bitcoin could see a further bullish extension around $95,784. However, rejection at this level could signal a temporary correction.

2024年11月14日

注释

in 1h time frame, btc is forming a triangle pattern!
it will touch the ascending trendline for the upper level!

2024年11月15日

交易开始

#btc #btcusdt #btcusd

it is just like the predicted

2024年11月15日

注释

the trendline is broken!

2024年11月20日

注释

btc is toward the target

2024年11月21日

交易结束：到达目标

target touched